The most critical bit now about MXC is whether VC deal will proceed or not.
If it's a real deal and the deposit is received, the share price will go back to AT LEAST 10.5c or above . If it's a 30% up in one single day, the share price will be 9.7c. If you are believer in MXC, 9.7c is a good purchase price to get back in MXC . This share will be de-risked by then, investors' confidence back in and the price will reach at least 15cents imo
If VC deal is a no-go, the share price of MXC will be back to high 5c range in my opinion, and it will be a good time to go back in at that time too.
What we need is a confirmation, an assurance. It has been 6 months since they announced the VC deal, something need to be done and clarified.
AIMO DYOR
SP TREND, page-29
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Last
16.5¢ |
Change
-0.120(42.1%) |
Mkt cap ! $8.470M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 25.5¢ | 15.0¢ | $51.11K | 304.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 59654 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 2290 | 2 |
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| RGT (ASX) Chart |