Geez, MXC must think that holders are complete numpties.
US$500k raised and they are saying this will put MXC in a good financial position.
They are churning through AU$9mil every year.
$200k for legal fees - that could rise dramatically. $300k for PR - I suspect more sales will help them more.
Maybe a 1,000:1 consolidation of directors fees should have gone with the 1,000:1 consolidation of the shares - this would have helped bring down most of the annual expenditure.
Ann: Company Update & Capital Raising, page-2
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Last
54.0¢ |
Change
0.010(1.89%) |
Mkt cap ! $26.13M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 57.0¢ | 54.0¢ | $66.55K | 120.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 334 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.0¢ | 1767 | 1 |
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| Last trade - 15.52pm 02/10/2024 (20 minute delay) ? |
| RGT (ASX) Chart |