RGT

3.13%

33.0¢ argent biopharma limited

Plan B = competence, page-7

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no vice

668 Posts.

90

07/06/19

06:26

Post #: 38951186
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Originally posted by no vice: ↑

As a matter of interest, Commsec is now warning investors to be very wary of investing in this Company. Thats the information l get on my trading platform. Valuations are all over the shop. A few days ago, Morning Star was giving MXC a fair value of 7 cents. Yesterday, it was down to 6 cents. Talk about sitting on the fence. Has anyone got a clue? Personally l think its way over valued at even 5.2 cents. Too many things dont add up. I doubt very much that even the next 2 quarters are going to produce levels of income to justify a 60 million dollar valuation. Good luck if management think they can capital raise with a tumbling SP and a sceptical market. As for my own circumstances, decisions decisions. Totally convinced sells at 7.5 are not going to be triggered. If l sell all out today, another 23k loss. If l wait another 2 weeks SP could be in the 3 cent range. What a dilemma. The optomist says it has to bounce, but thats not how the market is reacting. The hardest thing to do when in the red is to hit that sell button.

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Originally posted by gilby18: ↑

Commsec isn't warning anyone, that's a bit alarmist don't you think?
MorningStar still has it as undervalued.
When it comes down to it, there isn't much volume in it to be back up at .065c, or even .060c

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Proceed with caution is Commsec's exact terminology Gilby. When an ultra conservative bank makes statements like that that warn investors, one should be thinking its probably an understatement. Anyway l sold all my holdings today after 2 years of mayhem.

MXC Price at posting: 5.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 33.0¢		Change 0.010(3.13%)		Mkt cap ! $15.97M

Open	High	Low	Value	Volume
32.0¢	34.0¢	32.0¢	$1.401K	4.24K

Buyers (Bids)

No.	Vol.	Price($)
1	375	27.5¢

Sellers (Offers)

Price($)	Vol.	No.
34.0¢	662	1

View Market Depth

No.	Vol.	Price($)
1	375	0.275
1	15000	0.260
1	20000	0.250
1	2200	0.230
1	4545	0.220

Price($)	Vol.	No.
0.365	11528	2
0.370	2000	1
0.380	1522	1
0.395	8746	1
0.400	1183	5

Last trade - 16.10pm 06/09/2024 (20 minute delay)

RGT (ASX) Chart

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