Overall a good and smart long term announcement. Gives the company opportunity to find / develop strains that could hit the ball out of the park. This research can be done for a far lower cost than doing it solo with normal overheads and it uses existing staff to save enormously on wage overheads...all very clever and with RMIT jv and Sydney uni some enormous r&d savings positioning mxc in a very strong position long term.
despite being in this for the long term I was hoping for a more 'imminent' announcement regarding REVENUE. But alas we wait!!
I'm still extremely confident of this stocks future and I expect some pretty significant announcements in the coming weeks - hopefully with some decent clams coming in attached to them.
We will lose some impatient hands along the way so expect SP weakness until revenue announcements come. Stay strong-go longs!!
MXC Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
