I'll have a go and be happy with egg all over my face July 2023 when I am way off.
I think we will see EMD reach $0.475 by June 30 2023.
That's roughly a 90% increase over the next 8 months or so.
I think it does this because:
- The growing awareness around mental health and it's impact on society
- World is more aware of MDMA and cannabinoids
- World is increasingly aware of how these drugs can change lives
- EMD has arguably the best research in the world for these drugs
I think an increase of 90% or so would be an incredible result.
The reasons I think not higher is that:
- Positive stage 3 announcement will push share price up but hard to get the FDA and TGA approvals
- Tightly held share, with plenty expecting more (rightly so)
- Hard to push through and stay above that $0.50 barrier
I know nothing but it's fun to have a guess.
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Open | High | Low | Value | Volume |
2.9¢ | 3.1¢ | 2.9¢ | $13.55K | 449.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 98317 | 2.9¢ |
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Price($) | Vol. | No. |
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3.0¢ | 19900 | 1 |
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No. | Vol. | Price($) |
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3 | 98317 | 0.029 |
3 | 72500 | 0.028 |
2 | 300000 | 0.027 |
1 | 384615 | 0.026 |
6 | 628499 | 0.025 |
Price($) | Vol. | No. |
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0.030 | 19900 | 1 |
0.032 | 154301 | 1 |
0.034 | 38800 | 2 |
0.035 | 143664 | 3 |
0.038 | 53000 | 2 |
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