I got back in this morning with a small parcel after experiencing a little FOMO. My concerns remain the same, not with the company but it's present valuation. I believe it's becoming a bubble, and we are in the euphoria stage. But, where there is money to be made, and to be made so easily, why should I miss out. I'm just taking a cautious mindset because I believe we are at fair value now. Who knows how big this will get?
I'm confident the announcement is alluding to a license to import. I can't see another logical explanation for the trading halt. Upon further reflection, somebody on Friday was saying they ran into 'Wallsy' who insisted they buy before the weekend. Could be the pieces falling into place or pure coincidence. It's not the basis for my opinion regardless. Given current sentiment for the sector I can see the market going stupid for it on Wednesday.
I still think Harvest One now offers the best value given how much MMJ's share price has appreciated recently. Given our current valuation does the RTO still look like a good deal? It did when we sat around $35 million. Now closer to $130 million it looks different.
At least we have AC8 with a MC greater than ours and can use them as a barometer on sentiment I believe.
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Last
3.9¢ |
Change
-0.002(4.88%) |
Mkt cap ! $8.202M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 3.9¢ | $2.55K | 64.32K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 477336 | 3.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 477336 | 0.039 |
1 | 26263 | 0.038 |
2 | 58303 | 0.033 |
1 | 135135 | 0.031 |
2 | 250000 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 2000 | 1 |
0.043 | 465116 | 1 |
0.044 | 250000 | 1 |
0.045 | 10520 | 2 |
0.047 | 20000 | 1 |
Last trade - 14.19pm 30/08/2024 (20 minute delay) ? |
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