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30.5¢ argent biopharma limited

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divvv10

683 Posts.

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27/03/20

10:52

Post #: 43728658
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Originally posted by shooshka: ↑

I, like many/most here am not really convinced there is anything tangible here (in regards to the COVID-19 link) - but there is one possible scenario here that could surprise to the upside:

1. the link is complete BS and management are trying to work out a way to save their jobs (obviously and rightly the ASX have queried it - now they have to justify it in some way)
2. There is a small or somewhat meaningful link to COVID-19, but rightfully the ASX want absolute clarity before allowing a release to market - and management may not have that detail behind it
3. The Swiss counterparty to the JV may not have released certain information to their market - so MXC have to stay in suspension until such time as that becomes public knowledge (and as such can be included in a release over here). It does kind of lean to this a little (maybe I'm just looking for something to be optimistic about at the moment!) as 1-day extensions with the same 'reason' each day were looking foolish (and possibly they can't say 'waiting on a release from the counterparty' as that may lead to market speculation in the other jurisdiction).

Probably still #1 - but hopefully #3

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The most balanced post on this forum at the moment.

MXC Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
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