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MX1

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1.37%

7.2¢ micro-x limited

Ann: Quarterly Cash Flow & Business Update, page-8

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Majora69

8 Posts.

1

04/02/20

12:03

Post #: 42734941
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Originally posted by team12: ↑

Well this is a pointless echo chamber. Too many Hotcopper threads are people suggesting it's undervalued and top-ups are required.

Here's how I see it, and I want to be overly negative just to stir some debate:

- Massively disappointing sales of the Nano. Incredibly so. These things were meant to be running out the doors.
- The progression of other projects remains expensive and slow and we don't really know much about what will come out of it. The word military means unlimited money in many people's eyes but can the company stay afloat while it gets there?
- Thank goodness for R&D rebates.

In all fairness, this is now a $35M market cap company that has at least a year of runway. It's not a bad bet to see what will happen given the timeframe, but I don't see tremendous upside at all. Upside, but not much beyond 2-3x bag? Thoughts?

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The stock is at 13.5c... theres only upside from here.... Now is the best time to buy mx1 as theres been little news and hedge fund selling has suppressed stock to these levels . Once more guidance and information is released Be greedy when everyones fearful.

MX1 Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.2¢		Change -0.001(1.37%)		Mkt cap ! $41.87M

Open	High	Low	Value	Volume
7.2¢	7.2¢	7.2¢	$10K	138.8K

Buyers (Bids)

No.	Vol.	Price($)
2	130564	7.1¢

Sellers (Offers)

Price($)	Vol.	No.
7.2¢	18989	1

View Market Depth

No.	Vol.	Price($)
2	130564	0.071
2	170000	0.070
1	79317	0.063
4	169933	0.060
1	50677	0.059

Price($)	Vol.	No.
0.072	18989	1
0.073	80654	2
0.075	50000	1
0.076	50949	2
0.079	37000	1

Last trade - 12.08pm 04/11/2024 (20 minute delay)

MX1 (ASX) Chart