The most critical bit now about MXC is whether VC deal will proceed or not.
If it's a real deal and the deposit is received, the share price will go back to AT LEAST 10.5c or above . If it's a 30% up in one single day, the share price will be 9.7c. If you are believer in MXC, 9.7c is a good purchase price to get back in MXC . This share will be de-risked by then, investors' confidence back in and the price will reach at least 15cents imo
If VC deal is a no-go, the share price of MXC will be back to high 5c range in my opinion, and it will be a good time to go back in at that time too.
What we need is a confirmation, an assurance. It has been 6 months since they announced the VC deal, something need to be done and clarified.
AIMO DYOR
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Last
29.0¢ |
Change
-0.015(4.92%) |
Mkt cap ! $13.31M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 28.0¢ | $30.96K | 103.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3377 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 13 | 1 |
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| Last trade - 15.56pm 16/07/2024 (20 minute delay) ? |
| RGT (ASX) Chart |