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32.0¢ argent biopharma limited

Something tells me old mate wet his pants and has exited already...

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StockObserver

1,308 Posts.

583

22/03/23

21:55

Post #: 66909765
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Originally posted by Footmax: ↑

Before you get too excited, maybe look back at the last set of accounts (for EOY 2022) - these cover the forst half of the financial year.

Net loss for the six month period was $10mil and the asset value per share declined from .75 cents down to .1 cent.

MXC will need to expand it sales revenue fairly dramatically. Not sure what the profit margin would be but maybe in the range of 33%. $2mil is revenue is around $600k - not much of a dent in $20mil in losses for the year. They would have to increase revenue (which was about $2mil before this announcement) maybe 10 fold to bring them into a profit situation.

Plus, they now have more debt to service which will increase the financial pressure on MXC.

An 86% SP rise will always be celebrated from shareholders, it is how long the SP can be sustained that will matter. Maybe wise to keep comments in the neutral zone and your feet firmly planted on the ground for the next month and see where things are at then.

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Something tells me old mate wet his pants and has exited already when he realised he didn't have a clue about the company

MXC Price at posting: 1.0¢ Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

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Last 32.0¢		Change 0.000(0.00%)		Mkt cap ! $15.48M

Open	High	Low	Value	Volume
32.0¢	32.0¢	32.0¢	$471	1.471K

Buyers (Bids)

No.	Vol.	Price($)
1	20000	33.5¢

Sellers (Offers)

Price($)	Vol.	No.
34.0¢	1419	6

View Market Depth

No.	Vol.	Price($)
1	20000	0.335
1	1653	0.320
2	4044	0.300
1	20000	0.250
1	2200	0.230

Price($)	Vol.	No.
0.340	1414	5
0.355	1365	1
0.360	12399	3
0.365	8846	2
0.370	2000	1

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