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11.0¢ murray cod australia limited

You nailed it. Smoke and mirrors. All about the future.

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Gillysrooms

10,434 Posts.

142

04/03/24

17:45

Post #: 72737556
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Originally posted by CaptSlugger: ↑

There is a lot to be said for the cash burn and lack of revenue. Sure price per kg has increased, but nothing usual, considering all food is increasing in price. I'm not clear where the margin has gone though.

In terms of capital, I can't see them getting it on the domestic market in this environment. Investors are chasing returns and I can't see that in MCAs future.

Alternate is foreign investment and as you say selling off assets. Leasing what little assets they have back, leaves a cost problem, thier margins dont appear to support.

They have already gone down the debt finance road and are quicky chewing through it, like dollar bills at a stripper club. The interest on that debt doesn't seem to be public but I will bet it's not sustainable.

They have already set up golden handshakes in case of a partial take-over. I think that may be their only hope. But who really knows? With all the smoke and mirrors, it's going to take some magic to save this one.

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You nailed it. Smoke and mirrors. All about the future.

MCA Price at posting: 13.0¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 11.0¢		Change 0.000(0.00%)		Mkt cap ! $84.23M

Open	High	Low	Value	Volume
11.0¢	11.0¢	11.0¢	$13.97K	127.0K

Buyers (Bids)

No.	Vol.	Price($)
3	21672	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.5¢	84984	2

View Market Depth

No.	Vol.	Price($)
3	21672	0.110
3	230000	0.105
6	104542	0.100
2	28024	0.099
1	255102	0.098

Price($)	Vol.	No.
0.115	84984	2
0.120	200706	3
0.125	74999	4
0.130	296501	5
0.135	185185	1

Last trade - 10.55am 06/05/2024 (20 minute delay)


Last 11.0¢			Change 0.000 ( 4.35 %)
Open	High		Low	Volume
11.0¢	11.0¢		11.0¢	65016
Last updated 10.55am 06/05/2024 ?

MCA (ASX) Chart

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