Well if you are betting on the US election outcome, a Biden win will tighten environmental regulation of fracking in the US most likely. Will there be a need for more offshore production? Well I can't see any offshore licences being tossed, all sorts of machinations for Senegal's offshore licences.
Hope they get a contract in a years time or so, and do a cap raise including SPP to raise the extra working capital required (So that I can buy some more and help out), and have another lot of boom times in four or five years. Who knows? This is a super cyclical stock I suspect.
News: MCE Matrix Composites & Engineering Posts FY Net Loss After Tax $64.5 MLN, page-4
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Last
25.5¢ |
Change
0.005(2.00%) |
Mkt cap ! $57.07M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.5¢ | 25.0¢ | $43.96K | 173.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20199 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 18000 | 2 |
View Market Depth
| Last trade - 15.20pm 23/07/2025 (20 minute delay) ? |
| MCE (ASX) Chart |