The Company is a cash burn until the nominal production of Inland Starnd material which would be next quarter at best. Delays and changes are not unusual in MRC.
Unfortunately, I can't see any progress or plan for the Graphite business due to a lack of cash, management issues, etc. Munglinup has been selected as one of three Graphite projects in the Australian Critical Minerals list by the government in December 2022, but there is no mention of it in the quarterly:
https://www.globalaustralia.gov.au/sites/default/files/2022-12/Australian_Critical_Minerals_Prospecuts_2022_Dec22.pdf
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Mkt cap ! $25.59M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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2 | 380434 | 0.023 |
1 | 90000 | 0.022 |
3 | 244075 | 0.021 |
3 | 173122 | 0.020 |
Price($) | Vol. | No. |
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0.027 | 132738 | 3 |
0.028 | 80000 | 1 |
0.029 | 100000 | 1 |
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0.033 | 64069 | 2 |
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