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

CGB

Click for more information

0.00%

2.1¢ cann global limited

CGB - 1.9c to 7.2c - What will happen in the next 6 months., page-14

First 14 Last

Share
Profile

Follow
KenChase

1,061 Posts.

363

28/08/19

01:47

Post #: 40185082
Share

Originally posted by gutumike: ↑

An interesting post. I've been following most of the Australian medicinal cannabis/hemp stocks since they listed, and I've recently sold all my holdings and switched to gold.

My main concern about the cannabis stocks is that I've been keeping tabs on all the local and international companies already growing/processing/importing here, and all the plans in the pipeline, and there seems to be a massive oversupply for a very small market almost upon us, and it will get much worse next year.

Added to that there is the very real risk of a major downturn in Australian and World markets, and the dreaded October jitters not far away, so your prediction of 1.9c in October could be realistic; but if they survive the coming crunch I think it will be a long time before they hit 7.2c.

I'll look forward to seeing how your predictions pan out. For the sake of all the holders, I hope that your 7.2 forecast comes true.

Expand

switched to gold.. smart considering how cooked up the world is at the moment. very smart

CGB Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

RNU

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

TLX

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

AUG

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

TX3

Canadian fieldwork yields multiple pegmatites for Trinex

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

There are more pages in this discussion • 2,132 more messages in this thread...

First 14 Last

Add CGB (ASX) to my watchlist