Well said. Good time to accumulate.

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Furiousgeorge

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07/05/21

12:56

Post #: 53016402
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Originally posted by Ozibobby: ↑

I think you make a good point about investing dybsie and most investors fall into 3 camps , punters/ traders who don’t really care what the company does as long as it doesn’t go bust and has a run in order to get a few bucks along the way, holders who look at the longer term prospects , follow progress and remain committed until there is a reason not to and herders who follow the pack getting in and out on the trends. The reason we invest is to make money and actually we make the market and determine if the price goes up or down not the management. Management run the business and are most important to the second group of investors. If you have a look at progress over the past 12 months and particularly recently management have done a lot AusCann on cutting the cash burn and clearing up the past and acquiring a pipeline CannPal in creating a pipeline very efficiently on a relatively tight budget.
The price we are at in my opinion reflects the punters, the herders NOT the holders because if you look at progress on pipeline, progress on cash burn, overall funding from management and recent news from the health minister on the industry prospects you would see the actual business is in the best shape it has ever been in. Sooner the share register has more holders/ true investors rather than punters and herders the better .
DYOR but I have been accumulating and don’t see a reason to sell at 12.8 cents or complain about Mills and his team.

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Well said. Good time to accumulate.

AC8 Price at posting: 12.8¢ Sentiment: Hold Disclosure: Held
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Well said. Good time to accumulate.

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