MXC sp is being propped up. Who's doing it? I don't know.
But, if you think about it, if the sp was to fall 20-30%, it certainly would not be in the best interests of a number of parties connected to the latest CR. IMO the sp is more likely to come close to the CR price than go to 10, 20 or 30c as some on here are espousing will happen by the end of this week or Thursady...lol
Now before all you pro MXC posters get all upset, I can see one way the sp can rise from here. If the Board ann an M and A type play, that could do it. But, I wouldn't be relying on news from other MM companies making sales or making M&A plays, because IMO very soon the market is going to start analysing which companies are really likely to be making money and which ones are just burning money. Just like the dot com boom/bust period.
You can't reasonably expect the scenario of 'one MM company up/the whole MM sector up', will continue as it has indefinitely. CPH is making a suspected positive ann tomorrow, that may give some indication of how the market will start differentiating between the companies in the MM sector.
Admittedly, I could be jumping the gun and the sp's of all the companies in the MM sector may continue to rise together for so time to come, but its a living certainty that some will succeed and most will fail and sooner or later the market will turn its attention to working out who the winners/losers are likely to be.
Alright, let me have it. "Stan you have no idea what you're on about!!! MXC is definitely the best one, it can't fail and it'll be 40c by Friday".
***
- Forums
- ASX - By Stock
- RGT
- MXC - Nice jump on open
MXC - Nice jump on open, page-21
-
-
- There are more pages in this discussion • 101 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RGT (ASX) to my watchlist
(20min delay)
|
|||||
Last
55.0¢ |
Change
0.015(2.80%) |
Mkt cap ! $26.62M |
Open | High | Low | Value | Volume |
50.0¢ | 55.0¢ | 40.5¢ | $9.135K | 17.05K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 679 | 51.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.0¢ | 24 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 0.405 |
1 | 1000 | 0.360 |
1 | 2000 | 0.350 |
1 | 12000 | 0.340 |
1 | 1633 | 0.300 |
Price($) | Vol. | No. |
---|---|---|
0.550 | 1527 | 1 |
0.570 | 9732 | 1 |
0.575 | 214 | 1 |
0.590 | 2000 | 1 |
0.650 | 45000 | 1 |
Last trade - 14.16pm 04/10/2024 (20 minute delay) ? |
Featured News
RGT (ASX) Chart |