MCE burned through approx $1.3M in 2H20 and $2.5M in 1H21. Given that it was probably the worst conditions the company ever faced, it's actually not that bad. (Not sure where you got $8.5M from). This investor may have sold near the bottom of the cycle: This press release from Rystad is very bullish.
Hopefully the balance sheet is strong enough to handle large orders without the need to raise at these price levels. Large orders are very likely in the next 1-3 years after many years of underinvestment.
MCE burned through approx $1.3M in 2H20 and $2.5M in 1H21. Given...
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Last
32.0¢ |
Change
-0.005(1.54%) |
Mkt cap ! $70.25M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 32.0¢ | $8.346K | 25.67K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 26100 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 5652 | 2 |
View Market Depth
| Last trade - 13.56pm 06/06/2024 (20 minute delay) ? |
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Last
32.0¢ |
Change
-0.005 ( 2.56 %) |
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| Open | High | Low | Volume | ||
| 31.5¢ | 32.0¢ | 31.5¢ | 9330 | ||
| Last updated 13.56pm 06/06/2024 ? | |||||
| MCE (ASX) Chart |