MRC mineral commodities ltd

....... yet !So, MRC is selling it's only current source of...

  1. 145 Posts.
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    ....... yet !

    So, MRC is selling it's only current source of income. Tormin won't produce income for .. ? 6 months, 12 months ? not until the grounded ship matter is sorted... who knows?

    So, MRC will have no income for the next 6 months (12 months ?) after Skaland is sold. Mind you Skaland was not a very good net profit provider anyway.

    So, how long will the US$11M last? How long before Munglinup is up & running & producing a profit ?

    So, how many cap raises will be necessary before Munglinup is created and produces a profit ? And, it's problematic to raise capital with a 2-3 cent share price.

    I'm sorry holders, but (best case) MRC is destined to wallow for the foreseeable future.
 
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