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0.6¢ mighty craft limited

when you consider how much of that burn is purely related to the...

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baldynumbers

3,864 Posts.

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30/04/23

15:32

Post #: 67531564
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Originally posted by RockRider: ↑

Yeah wow - reading those covenant terms made my eyes water. To top it off the covenant relief is effectively costing a 17% (8.5 + 3.5 + 5) interest rate for 12 months. Basically credit card interest rates. I watch on with interest after having my shareholding value halved. I cant get my head around the amount of cash MCL burn but you have to think the asset value is there somewhere and I want to see it but just cant yet. Interesting image attached which shows the the more revenue they rake in the more losses they make. That has to change for this to be a viable investment.

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when you consider how much of that burn is purely related to the CEOs own income... it is shameful.

Fair enough businesses have to pivot and re-invent from time to time - but the change of this entity from what it originally IPO'd to be... vs what it is now shaping up to be - very different things

MCL Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.6¢		Change 0.000(0.00%)		Mkt cap ! $2.213M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$10.16K	1.694M

Buyers (Bids)

No.	Vol.	Price($)
4	1302033	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	1022363	5

View Market Depth

No.	Vol.	Price($)
4	1302033	0.006
10	4816276	0.005
5	1601080	0.004
4	4570555	0.003
0	0	0.000

Price($)	Vol.	No.
0.007	1022363	5
0.008	402252	2
0.009	177000	4
0.010	723924	6
0.011	371250	2

Last trade - 12.14pm 07/06/2024 (20 minute delay)

MCL (ASX) Chart