That's right, Timee. The thing is, though, more debt would probably see MCE at new lows. So would a capital raising (a steep discount needed for punters to chuck in?) but de-leveraging is the go in hard times, whereas MCE seems to be going down the re-leveraging route. At the end of the day, a low share price/market cap due to a raising, will be better than the low share price/market cap due to more debt, imo.
hammer and tongues company needs cash, page-9
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Last
27.5¢ |
Change
0.045(19.6%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 29.0¢ | 26.0¢ | $57.59K | 205.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7703 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 36500 | 1 |
View Market Depth
| Last trade - 15.48pm 25/11/2024 (20 minute delay) ? |
| MCE (ASX) Chart |
