Feeling bad for MKL shareholders. Unfortunately we could see this coming and tried to discuss a couple of months ago, but some people freaked out so we left it. For all the talk of strategic reviews, this was the only way to re-capitalise MKL; CR and consolidation. Awful for SHs.
My concern here is $6M is not a lot of cash really. The new management will have to pull a rabbit out of the hat in terms of company direction, otherwise $6M is just buying time and will get burned up.
MKL + ICI, page-3
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Last
2.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $26.89M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $10.59K | 524.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 348055 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 108401 | 1 |
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| Last trade - 14.33pm 02/08/2024 (20 minute delay) ? |
| ICI (ASX) Chart |