MSC 0.00% 6.4¢ minerals corporation limited

115.6 mil share capital raising at 1.73c

  1. 45 Posts.
    115.6 mil shares issued @ 1.73c yet again for working capital. Must be burning over a mil a month, with very little to show for it - lots of pie in the sky announcements and little or nil outcomes. The half yearly results better at least show some adequate real sales numbers or these directors will have to call in receivers in the very near future. There is a lot of money owed on debentures and eventually these sophisticated Asian investors will stop stumping up rescue money. Boy oh boy, MSC will have 3 billion shares on issue soon; earnings per share will look terrible.
    Other holders pls comment
 
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