I am with you with what you say Kenanchase. I don't think the 50 cents is years away at all. If the 40 million deal is confirmed, MC should theoretically re-rate the stock at 40 cents. I base this on a conservative PE ratio of 1:10. What the actual PE ratio is for this new sector is any bodies guess, l am just guessing based on other non related companies. I think Smallfry recently said he thought at 10 cents MXC was trading at fair value and we have confirmed sales of one million dollars right now.
Lucky l don't trade on hard core numbers as the gold standard is dump a stock that retracts 20%. Lord have mercy at the moment.
Lucky monday, page-15
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Last
32.5¢ |
Change
-0.010(2.99%) |
Mkt cap ! $15.73M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.5¢ | 32.0¢ | $2.203K | 6.783K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1666 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 8746 | 1 |
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| Last trade - 14.31pm 17/09/2024 (20 minute delay) ? |
| RGT (ASX) Chart |