I watched a recent presentation by MKG , and Peter said the cash burn rate was about $1 million a month. He also said drilling would not start till the end of the rainy season again, late September or early November .cash reserves are given as $2.8 million at end of Q2, so i'm expecting a capital raise in Q4 this year.
and likely a further depressed share price ?
Might be a good opportunity to top up, before the market eventually sees the value of MKG.
I watched a recent presentation by MKG , and Peter said the cash...
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.399M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.8¢ | $10.42K | 1.339M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 6896778 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 314794 | 3 |
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| Last trade - 15.41pm 05/09/2024 (20 minute delay) ? |
| MKG (ASX) Chart |