Australia's largest stock trading and investment forum Australia's #1 stock forum

RGT

3.09%

47.0¢ argent biopharma limited

Monday, page-24

First 24 Last

Share
Profile

Follow
Hatch1517

446 Posts.

46

22/10/17

12:38

Post #: 28094766
Share

Originally posted by selfmaderiches ↑

They needed to make a deal ASAP! there was alot of frustrated or impatient holders from lack of transparency "fluffy" Announcements.
Its a tough game, but when you have had deals fall over in the past and the Management is paying them selves huge amounts of cash with no revenue on the books one could see prior to this announcement that the need to regain trust back from holders because the pressure was on, big time!

If you invested 10million in any company for it to loose 40% value in a few months with no transparency you would be pissed off. This is what happened with the 6.5c CR in march (SP at time was 8c).
Now after this AGM if voted upon this investment of 10Mill can bail out of the company completely and hopefully get their money back, or stay in if MGC have gained their trust back.

Its the way I see it.

Back to the question "Who would sign an agreement of this magnitude where they are committed to lose money?"
They won't loose any money, the share holders could possibly see 20 mill of revenue onto the books, how much profit over that time, I am assuming 3-4 mill if the whole order is filled, which wouldn't put the company into operating at a profit for the time being.

Its a start if it can stick and will regain trust for patient holders.

best of luck.

Expand

Sounds like the cockroaches are licking their wounds here. Notice how they usually use names to make themselves look knowledgeable.

MXC Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

IMA

Issues emerging as Australian companies tackle critical minerals challenge

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

There are more pages in this discussion • 79 more messages in this thread...

First 24 Last

Add RGT (ASX) to my watchlist

(20min delay)
Last 47.0¢		Change -0.015(3.09%)		Mkt cap ! $23.22M

Open	High	Low	Value	Volume
49.5¢	50.0¢	46.0¢	$48.58K	102.3K

Buyers (Bids)

No.	Vol.	Price($)
2	2500	41.0¢

Sellers (Offers)

Price($)	Vol.	No.
48.0¢	5000	1

View Market Depth

No.	Vol.	Price($)
2	2500	0.410
1	25000	0.400
1	2000	0.350
1	12000	0.340
1	2988	0.330

Price($)	Vol.	No.
0.480	5000	1
0.510	4029	2
0.570	2662	2
0.575	650	1
0.650	45000	1

Last trade - 15.23pm 11/10/2024 (20 minute delay)

RGT (ASX) Chart

Monday, page-24

Defence MOU for propulsion systems pushes Aurora Lab shares higher

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Issues emerging as Australian companies tackle critical minerals challenge

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Cauldron Energy reports "excellent" uranium assays in latest drill run

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Monday, page-24

Top Stories

Defence MOU for propulsion systems pushes Aurora Lab shares higher

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Issues emerging as Australian companies tackle critical minerals challenge

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Cauldron Energy reports "excellent" uranium assays in latest drill run

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News