re: mxl- green alert >20c Glad to say that mxl trading pattern since my posts in late Dec was predictable and we are close to the mark. It did as expected and came from 10c to about 14c on Fri. Thats not bad achievement for 3 weeks. Mant people thought that it would drift down below 10c but that did not happened.
I wrote in my previous post that there will be a lot happening this year , especially mxl is going to be in the black. Again I am trying to work how mxl should be valued at zero with the business ut has and the cash that it has just received.
How many juniors do you see with cash of $7m in the bank? Now that the issue is out of the way and it was very successful- only about 350k oppies were not exercised- probably someone forgotten that they have got them! And thats good there will not be an overhang which can normally happen.
This has taken away the uncertainty last year with mxl not sure if the cashflow position is adequate. That has stopped mxl from getting above 20c many times over the last year. Now we are in the New Year, and bar any war and other catastrophy, plus a bit of news from mxl we should see it getting to 20c and beyond, hopefully in first half of this year as the potentials are unfold and cash starts to roll in. The market depth has improved significantly compared to the Christmas period. Mxl is definitely in the green alert zone >20c.
Research yourself and see if you agree.
Bigprofit
MXL
mxl limited.
