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.
If MRC burnt through $2.1M in the March quarter and had $2.2M...
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