The problem with this end of the ASX (spec or small cap stocks) is any sniff of a CR and Share Prices generally are smashed well in advance to get potential new investors across the line.
My thoughts is that SP needs to be enticing enough to attract new money or new investors will not come on board.
Unfortunately it is what it is.
Just need to hope that you hadn't overcommitted large amounts of capital as initial or early investors because long term shareholders as often initial or early company backers, investors are the ones who are well under water so that new money can make money rather than loyal shareholders.
I hope this is not the case with MCT, but where is the money going to come from to progress drilling?
The legal issues recently wasted in my opinion a lot of time, energy and importantly money that could have been better directed, this may have impacted the SP.
- Forums
- ASX - By Stock
- MCT
- Ann: Updated Constitution and Corporate Change
Ann: Updated Constitution and Corporate Change, page-22
-
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MCT (ASX) to my watchlist
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.392M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $2.22K | 1.110M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
51 | 117477648 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 23013232 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
51 | 117477648 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 23013232 | 17 |
0.003 | 68005082 | 54 |
0.004 | 21783952 | 11 |
0.005 | 14481509 | 11 |
0.006 | 9705889 | 11 |
Last trade - 14.41pm 26/08/2024 (20 minute delay) ? |
Featured News
MCT (ASX) Chart |