And the $1.6mil they have just raised after only having $150k at 31March - what has probably happened to these funds? Half yearly accounts released on 15March shows that they owe the ATO $550k for withholding tax(Note 14) which they've probably paid this quarter and the Redeemable Notes show that $1.05mil was due & payable on 15May24(Note 15) - so there goes your $1.6mil out the door. So they probably have much less than 150k on hand at 30Jun.
The question then becomes the worth of the gold mine??-smoke and mirrors.
I've finished my DD here. Up nearly 5% today - impressive. Pass the parcel.
And the $1.6mil they have just raised after only having $150k at...
-
- There are more pages in this discussion • 98 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MTC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $38.33M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.5¢ | $817 | 4.169K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 25000 | 1 |
View Market Depth
| Last trade - 14.51pm 09/08/2024 (20 minute delay) ? |
| MTC (ASX) Chart |