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12.9%

27.0¢ argent biopharma limited

Pretty much called it here. Hate to say it but pretty much worse...

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amb005

7,125 Posts.

2718

19/08/19

10:09

Post #: 40034291
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Originally posted by amb005 ↑

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.

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Pretty much called it here. Hate to say it but pretty much worse timing for a cap raise, think this is going to to stop sp movement for a year or so.

MXC Price at posting: 5.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 27.0¢		Change -0.040(12.9%)		Mkt cap ! $12.22M

Open	High	Low	Value	Volume
31.0¢	31.0¢	25.0¢	$6.09K	21.71K

Buyers (Bids)

No.	Vol.	Price($)
1	1760	27.0¢

Sellers (Offers)

Price($)	Vol.	No.
30.0¢	99	1

View Market Depth

No.	Vol.	Price($)
1	1760	0.270
2	16539	0.250
1	10000	0.230
1	17426	0.220
1	18924	0.205

Price($)	Vol.	No.
0.300	99	1
0.315	2876	1
0.320	1606	2
0.325	5304	1
0.330	2316	1

Last trade - 16.10pm 25/06/2024 (20 minute delay)

RGT (ASX) Chart