Just sticking my head in here, I hold a few MXC, havent been following much, but is the cash position of the company an issue for holders here?
The last 4C shows only 2.35 mill in the bank, whilst its good than MXC is revenue producing, the cash burn last quarter was 1.6 mill. Doesnt leave much breathing space. A couple more quarters unless theres a dramatic increase in revenue they will be needing to do another cap raise.
MXC Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
