One thing worth considering at the moment is that the SP is quite low considering the potential that MXC is starting to show. Entering the murky arena where interest could come from a suitor.
Any organisation that could pick up MXC for less than $100mil might consider MXC a good punt and a cheap one. If the next six months shows a sharp upturn in activity on the revenue side, it would not surprise me to see that interest materialise.
Holders who look at MXC as a longer term hold would like the SP of 20-30 cents to make them feel a bit more secure.
MXCOD Options, page-26
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Last
30.0¢ |
Change
-0.020(6.25%) |
Mkt cap ! $15.48M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 30.0¢ | $2.481K | 8.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8270 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 5000 | 1 |
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| Last trade - 10.19am 05/09/2024 (20 minute delay) ? |
| RGT (ASX) Chart |