MRC
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0.00% 2.3¢ mineral commodities ltd

Ann: Quarterly Activities Report - March 2022, page-3

  1. Tasman66
    137 Posts.
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    29/04/22
    10:11
    Post #: 61092800
    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.
    MRC Price at posting: 12.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch. 2  Great analysis
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