Good find, guys, on the Wheatstone stuff. Question is, how much is it worth, and can MCE make an actual profit on it? I am always surprised at the revenue so many companies achieve, but results can still be terrible.
I think there is a management discount on MCE. The market has seen too many misses of guidance. Companies can only get away with a few, and then the market smashes them. Private equity or a bigger player could sort this crew out. But then again, mining services is suffering- CGH lost 59% of its share price today in missing guidance.
Even though I am sure MCE has been generous to the Begleys, they will be looking hard at things now, given the company floated at $1.00, made the family into multi-millionaires, but has now lost all those gains and more.
Good find, guys, on the Wheatstone stuff. Question is, how much...
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.0¢ | $55.45K | 242.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 113179 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 28075 | 2 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| MCE (ASX) Chart |
