I note a basic hammer and tong company producing a product that is cheap and easily copied will need cash for the shipyard work cover. Cash flow is a problem due to lag time so... unless the banks lend cash a further capital raising is on the cards.
Also the blame for strong aussie dollar is mentioned BUT not hedging arrangement which were ONLY mentioned when the dollar dropped to cover them because it DIDNT HELP due to hedging!! IE FOREX LOSES so help us!
The backlog of work has dropped dramatically in spite of only 2 shift now. At lease the number of employees has also dropped and their hours worked.
Basically they had better get thrifty with elec labour and "big boy " costs of the VERY well paid management to break even.
Not good!
I note a basic hammer and tong company producing a product that...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MCE (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |
