Agree on your thoughts Andres.To be honest, I’m actually happy...

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WayneEnterprises

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03/11/19

17:08

Post #: 41224629
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Originally posted by andres: ↑

A few thoughts Wayne......

1. BOT has corrected due to a failed trial but still market cap of $110 m which is more than twice IHL. It's all about value.

2. I expect good newsflow well before trials - lots of lead up, activities across a broad front. It never is a "wait for the trials" situation - market doesn't work that way.

3. $5 mill placement at .078 put away easily - new money coming in after a lot of DD. IHL still playing the catch up game.

4. AGH finding its feet at $93 m market cap - sold aggressively by Aphria who were taken out via a 40 cent low ball book build - I expect recovery there soon - still at a high MC despite the cornerstone smashing it. Again, need to see the MC of peers and compare.

5. The global marijuana stock index has bottomed IMO and now showing a good recovery pattern - Big Pharma stepping up for a piece of the action; don't want to get left behind.......especially in areas where there is no or little competition.

6. Industry commentators view IP plays as having value way above cultivators - so I do expect that money will shift away from the growers to the R&D medicinal IP side.

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Agree on your thoughts Andres.

To be honest, I’m actually happy with this slight correction or sell off now as it stabilises the pricing and expectations. This week may see some more if not the last of the instability followed by an evening out until the news flow comes back and of course the broader MedCan sector showing signs of recovery.

7.7c needs to be cracked to show a positive indicator
If 8.7c can be cracked, then uptrend we have.

Best of luck this week mate.

IHL Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
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Agree on your thoughts Andres.To be honest, I’m actually happy...

Top Stories

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Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

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Helix investor makes partial takeover bid, proposing board changes

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

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