The import licence is the bombshell that everyone has been waiting for...well, one of them. Is it unrealistic to think the SP could go up 100% from the predicted opening price of 75c to hit the $1.50 mark? Personally i think its quite likely to surpass that figure given the magnitude of the news. I don't expect it to sustain that kind of price, the day traders will be all over it.
QBL had an announcement about a hemp licence and SP rocketed.
We have the drugs, and now we (hopefully) have the golden ticket. Time will tell.
Ann: Trading Halt, page-141
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