9 months for SP to raise above 9.7c essentially or a MC of over $12M. - Easily Achievable
Agree the timeline is short, however MTM doesn't necessarily need real traction, just a few positive announcements/moves in the right direction. Even if real traction is 6 months plus out from November the SP will reflect the anticipation.
I'm confident enough positive news will be released between now and the end of the year.
It's a gamble, but the SP is reasonably priced at the moment and the options are relatively cheap vs. the heads.
Worth a punt IMO...
GLTAH
MTM Price at posting:
9.7¢ Sentiment: Hold Disclosure: Not Held
