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39.0¢ argent biopharma limited

How low can it go?, page-22

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wiseblood

1,259 Posts.

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31/05/17

02:55

Post #: 25004376
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Originally posted by Mudcrabmadness ↑

Hopefully it's the company buying its dirt cheap shares back! That will turn things around pretty quickly....people don't buy that many shares unless they KNOW it's undervalued and / or about to explode.

Although like all long term holders I'd prefer this stock to be a lot higher I am amazed at the lamb mentality of sellers (most clearly losing money), panic selling. Why? The company is closer by the day to announcing GMP certification to allow it to produce high quality CBD oil. It has off-take agreements in place for $40 million (known of) once this production starts - Q3 2017. The valuation of the company on a conservative measure when this occurs (assuming costs remain the same / similar as current) is at least 3 x multiple (if not more being an emerging and
Growing market). That alone excluding any other revenue gives the company a market cap of approx $120m....factor in minor sales for derma and further small off take cbd sales and $150m valuation is more than reasonable once this approval is granted and initial offtake agreement is confirmed. An equivalent share price of around 14 cents!!!

That's the start and it's closer today than ever before and people are giving their shares away for 4.3 cents . Wow wee some small brains out there

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Yeah there's so many good things coming down the pipeline for MXC, but I guess that means nothing once herd panic mentality sets in. Some people will be making a mint when the herd tries to buy back in.

MXC Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
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