Still seeing big annual losses of $15mil - revenue up to $3mil - but only an increase from last year of less than $1mil. Good signs but not overly dramatic.
Cash and receivables less than $8mil. Question on where operating capital will come from this financial year - sales would need to go up 500% just to cover costs based on current levels.
MXC will really need to hit the dot with revenue over the next 12 months.
Worrying sign for share holders is the the SP is now stubbornly well below the psychological figure of 6 cents. 6 cents would be the entry point for most investors.
MXC Price at posting:
5.0¢ Sentiment: None Disclosure: Not Held
