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
1.8¢ |
Change
-0.002(10.0%) |
Mkt cap ! $24.20M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.8¢ | $23.04K | 1.275M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1180864 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 505994 | 1 |
View Market Depth
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
1.8¢ |
Change
-0.002 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.8¢ | 1.8¢ | 1.8¢ | 239237 | ||
| Last updated 14.53pm 03/06/2024 ? | |||||
| ICI (ASX) Chart |