AC8 0.00% 4.0¢ auscann group holdings ltd

where to next?, page-309

  1. 1,303 Posts.
    lightbulb Created with Sketch. 170
    What this stock caught people last time was being very resilient when the mark sold off heavily and when the selling was getting less intense, it dropped from around 80c to 64c on no news! I sense that today's news is very late, not really new and it signals that there will no more news until early next year. They will need to plan, rent a site, get approvals, install equipment ... It could take a lot of time until the first plant could be planted. I think  that the genetic they talk about are plants, not seeds. All complex copy-righted hybrid varieties come from asexual production. They must be sitting in pots somewhere waiting for a permanent planting location. They are not disclosing anything more. Hopefully this is not stored in the back yard of their master grower!

    The pop this morning due to the news quickly got sold down. I am looking to accumulate again when AC8 gets to around 75c. There will be a long wait till Jan for any more news.




 
watchlist Created with Sketch. Add AC8 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.