Forget anything about a $1.5M cost of the capital raising. That's chicken feed compared to the long term damage to MCE's value by such a massive dilution. Management has alot to answer for this one. Will they end up destroying the company over the next year or two? If the current incompetence keeps up I think it's on the cards. I think ASIC also needs to investigate the MCE directors. One conveniently sold old just in time before the bad news was announced to the market.
Forget anything about a $1.5M cost of the capital raising....
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Last
26.5¢ |
Change
-0.010(3.64%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 26.0¢ | $139.2K | 525.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49361 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 41630 | 1 |
View Market Depth
| Last trade - 14.14pm 26/11/2024 (20 minute delay) ? |
| MCE (ASX) Chart |
