I am surprised we didn't have a CR earlier in the QTR, at the end of the QTR, MRC cash was low US$2.2mil and they did have working capital of around US$5mil. MRC has erratic shipping of finished products makes it difficult to determine the company's likely cash balance. As you would be aware the ilmenite wasn't shipped during the previous QTR where it was expected to be shipped during the current QTR.
@nevilleb Thank you for your response, I do find it interesting you are able to post the previous QTR processing grades, yet you don't seem able to post the content where it details MRC
"The reduced VHM grade reflects slower beach replenishment at Tormin and the Northern Beaches.Grade is expected to improve in the June 2022 quarter with Northern Beaches 1-5 access becoming available after relevant landowner agreements were negotiated at the end of the March 2022 quarter"
MRC Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
(20min delay)