I like your optimism but have you done the numbers on your prediction of a 30 cent share price by December? With 1.5b shares on issue after the rights issue a 30 cent share price would give MSC a market cap of $450m.
They currently have a market cap of $7m.
$7m to $450m in 3 months?? 6000%+ return????
I don't think so.
A more likely scenario would be a share price of 7 - 10 cents IF they got the Skardon plant to full capacity of 175,000 tonnes per annum.
Skardon River
Tonnes 175,000
Price $500.00
Total Revenue $87,500,000.00
Net Profit Margin 15%
Net Profit $13,125,000.00
Price/Earnings Ratio 11
Mraket Cap $144,375,000.00
Shares on issue 1,500,000,000.00
Share Price $0.10
Can Vic and co make this happen?
I don't think so.
MSC Price at posting:
0.0¢ Sentiment: None Disclosure: Held
