I expect within the next 2 weeks the S&P500 will retest its ATH
If it doesnt power through especially considering the chinese new year will be done and dusted then we could be in a whole new market dynamic where spec stocks are back to being shunned like leprosy and MW selling may well have been a very astute move
The XEC has been on a tear since the beginning of May 2017, and may not have much gas left in the tank, certainly doesnt look like it on the chart, and the bear run previously lasted 9 months
You currently have the benefit of a new story and great work for IAM bringing some life and a CBA pilot into play, but the time factored into the pilot potentially being 12 months, raises concerns that maybe it lacks mustard and its just buying time.
So just attacking people who raise concerns because you hold is imo quite lame. IAM are nowhere near out of the woods, they are yet to demonstrate they have any solid commercial deals that generate significant revenue and with an open ended pilot, you could easily have another 12 months of very little revenue, and at current cash burn they have about 12 months left before CR required, so trade the trade but no need to attack posters
If and when they start generating revenue that brings milestones into play or even at least makes them cash flow neutral, then by all means we will all have something to cheer about, but $44 mil EV for the revenue of a local fruit and veg running at a $700K+ loss per quarter is insane imo
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