No, I can’t see them doing another capital raising anytime soon. They have just finished the previous one. Listed companies have the obligation to inform their shareholders of any major changes in earnings, production targets, etc. MRC doesn’t say it with that many words, but they are basically cautioning their shareholders. I can only conclude that the March and June quarterlies are going to be very dire.
MRC Price at posting:
2.4¢ Sentiment: Sell Disclosure: Held
