MRX 0.00% 0.7¢ matrix metals limited

Oh well.....81,000 is better than a poke in the...

  1. 5,391 Posts.
    Oh well.....81,000 is better than a poke in the eye...........lol

    the positive is that they made 2 million net investing cashflows bfore other costs hit bottom line such as:

    1.2 million was for repayment of borrowings
    744k for capital raising costs....(thats sad)
    therefore NET FINANCING CASHFLOWS = 1.944 MILLION

    With the spot price of copper looking so strong it is disappionting for MRX .....therefore as i stated over 4 months ago that the reason for rapid advancement of increased production was to enable them to produce a sizable profit....in the meantime shareholders will have to wait until they ramp up to 9000/t per annum
    cheers fellas
    JAM

 
watchlist Created with Sketch. Add MRX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.