I'm beginning to think that the real winners took their profits with this one - jumping at 12 cents I would have applauded MXC as well.
Maybe there will be something to regain upward momentum but hard to see where this will be - a take over will do the trick otherwise MXC will be defunct in 12 months.
I still remember the "death spiral financing" deal done 6 or so months ago - no lending institutions were willing to jump on board.
Still think that listing on the LSE is an attempt to attract suitors.
MXC Price at posting:
8.2¢ Sentiment: None Disclosure: Not Held
