There has been a steady and consistent accumulation of late indicating a big player, unfortunately (just in my own opinion) I feel part of the accumulation strategy is the placement of large sell orders above 11.5c.
Until this gambit has played out, or there is significant news the potential of this stock will not be realized.
I would like to believe a 5 to 10 fold increase is possible with an Australian licence and finalization of the Varm Cosmo deal.
MXC Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
