What's holding back the SP atm is the prospect of another CR. Looking at the report its uncertain whether revenue will be sufficient to stave off a CR although its not clear how much of the cash burn has gone into developing and maintaining the planting program included in the expenses at balance date. Maybe much of the cash burn has already happened so the $4.6 mil on hand maybe enough to see them through before revenue flows start. It all looks a bit experimental at this stage with no certainty of income.
Also on the horizon is the prospect of another 28%+ of the total number of current shares in the form of options to be exercised over the next few years. There are over 200,000,000 outstanding which when excercised will have a deflationary effect on SP.
One of my big reservations is the way options and shares are rewarded to key players in MXC, but I suspect there will be more issued to them as new revenue flows are established.
- Forums
- ASX - By Stock
- RGT
- mxc
mxc, page-10
-
- There are more pages in this discussion • 256 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 RGT (ASX) to my watchlist
|
|||||
Last
32.0¢ |
Change
-0.010(3.03%) |
Mkt cap ! $15.48M |
Open | High | Low | Value | Volume |
34.0¢ | 34.0¢ | 32.0¢ | $6.532K | 19.88K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.5¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 0.260 |
1 | 20000 | 0.250 |
1 | 2200 | 0.230 |
1 | 4761 | 0.210 |
1 | 14600 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.345 | 5000 | 1 |
0.365 | 11738 | 3 |
0.370 | 2000 | 1 |
0.380 | 1522 | 1 |
0.395 | 8746 | 1 |
Last trade - 14.37pm 04/09/2024 (20 minute delay) ? |
Featured News
RGT (ASX) Chart |