You can have all the revenue in the world, profit is key. You want to turn a profit after all your hard work, which this company is failing to do, let alone even get close to break even.
MXC’s last financial report, you don’t really need to dig to deep to understand the company expenses grossly out way the company receipts.
MXC can publish as many fluffy announcements as they want, at the end of the day cash is king. The company has had 5 years to materialise and it just hasn’t happened.
Ann: Trading halt, page-30
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Last
29.0¢ |
Change
-0.025(7.94%) |
Mkt cap ! $13.13M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 29.0¢ | $688 | 2.372K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1033 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 50000 | 1 |
View Market Depth
| Last trade - 11.01am 03/07/2024 (20 minute delay) ? |
| RGT (ASX) Chart |