accurate words I agree whole heartedly with!!
unless a ‘meterialised deal’ that hits the account prior to June 30 the oppies are gone and a significant and needed cashflow boost will pass by. It will be then extremely difficult to raise funds for mxc without a significant discount-further plundering the stock’s reputation and value.
IMO the only opportunity for the options to come into play and revenue to flow into MXC must come in the next 2 weeks to allow time for holders to feel comfortable exercising their options. This would require the SP to get to 8c+ Within 14-18 days....this will not happen without revenue hitting the account (not MOU’s or ‘binding sales agreements’), but actual revenue.
i don’t believe it will happen and I suspect this stock will get sold to a international buyer for 6-8 cents in the coming months, (giving those corporate ‘trailblazers’ a semi honourable exit)....
I expect a flurry of announcements in the next two weeks to try and get the SP moving....management will be gutted it’s not happening, Malta cannot happen without it!
all IMO
- Forums
- ASX - By Stock
- Ann: Cultivation Licence Granted by the Office of Drug Control
accurate words I agree whole heartedly with!!unless a...
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RGT (ASX) to my watchlist
(20min delay)
|
|||||
Last
25.5¢ |
Change
-0.015(5.56%) |
Mkt cap ! $11.54M |
Open | High | Low | Value | Volume |
25.0¢ | 27.0¢ | 25.0¢ | $786 | 2.991K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 6668 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.5¢ | 900 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 6668 | 0.255 |
1 | 12239 | 0.250 |
1 | 17426 | 0.205 |
2 | 45000 | 0.200 |
1 | 15389 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.285 | 900 | 1 |
0.300 | 99 | 1 |
0.315 | 2876 | 1 |
0.320 | 1606 | 2 |
0.325 | 5304 | 1 |
Last trade - 13.34pm 26/06/2024 (20 minute delay) ? |
Featured News
RGT (ASX) Chart |