I'm beginning to think that the real winners took their profits with this one - jumping at 12 cents I would have applauded MXC as well.
Maybe there will be something to regain upward momentum but hard to see where this will be - a take over will do the trick otherwise MXC will be defunct in 12 months.
I still remember the "death spiral financing" deal done 6 or so months ago - no lending institutions were willing to jump on board.
Still think that listing on the LSE is an attempt to attract suitors.
Ann: Notice of Meeting and Incentive Share Plan, page-9
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