If MRC burnt through $2.1M in the March quarter and had $2.2M remaining cash as at 31 March, and assume they burnt through another c. $700K since as we are now another month down the track, I'm guessing the cash position is now south of $2.0M.
They are going to have to find some money real soon ... ? But burning through cash has been the problem for this company for some time (see my post 2/12/2021)
A former holder who occasionally looks in.
Ann: Quarterly Activities Report - March 2022, page-3
-
- There are more pages in this discussion • 309 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
