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.
EMD Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
