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35.5¢ matrix composites & engineering limited

I don,t think we will see 25 cents again,but we may soon see 50...

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fitsch

3,149 Posts.

66

06/03/23

16:30

Post #: 66629080
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Originally posted by madamswer: ↑

I don't get it.

In quality terms, they report what I thought was in the bottom decile of results [*] in the February reporting season, and on the back of that they decide to pass the hat around to raise a large dollop of capital, equal to half the value of the company.

49 times out of 50, those events would see the share price crash right through TERP and probably end up below the raising price.

Not MCE...it's trading merrily at 12% above TERP and 27% above the offer price.

I wasn't around last week when they would have been doing the roadshow to support the raising, but whatever they said during the presentations must have demonstrated a level of salesmanship that would also sell ice to Eskimos.

I fully expected to come back to a stock price sub-25c.
Like I say, I don't get it.

[*] When you sell your products basically at cost, you will run out of money at some point:

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I don,t think we will see 25 cents again,but we may soon see 50 cents!

MCE Price at posting: 35.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 35.5¢		Change 0.000(0.00%)		Mkt cap ! $79.45M

Open	High	Low	Value	Volume
35.5¢	35.5¢	34.5¢	$10.95K	31.47K

Buyers (Bids)

No.	Vol.	Price($)
1	18063	34.5¢

Sellers (Offers)

Price($)	Vol.	No.
36.0¢	43672	2

View Market Depth

No.	Vol.	Price($)
1	18063	0.345
3	41599	0.340
1	7200	0.335
1	15000	0.330
1	1700	0.325

Price($)	Vol.	No.
0.360	43672	2
0.365	50487	4
0.395	20000	1
0.420	30000	1
0.425	15000	1

Last trade - 15.46pm 04/10/2024 (20 minute delay)

MCE (ASX) Chart

I don,t think we will see 25 cents again,but we may soon see 50...

Buxton projects new graphite province discovery at WA Narryer play

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

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Sellers (Offers)

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I don,t think we will see 25 cents again,but we may soon see 50...

Top Stories

Buxton projects new graphite province discovery at WA Narryer play

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

Featured News

Buyers (Bids)

Sellers (Offers)

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