Australia's largest stock trading and investment forum Australia's #1 stock forum

AC8

0.00%

4.0¢ auscann group holdings ltd

They do indeed have over 40m in the bank, not quite 50m, but...

First 727 Last

Share
Profile

Follow
avagadro

13,166 Posts.

1275

14/02/19

01:18

Post #: 37430541
Share

Originally posted by dmaivn ↑

Originally posted by uavsolutions
Lets try breaking it down:

- Fully Licensed to grow and manufacture
- 50m in the bank
- Developing pain medication and have sorted out a delivery mechanism that means there are no issues with canaboid degradation
- Installing further grow rooms this year
- only licensed grower in Chile
- if the pain med avenue doesnt work they can always go through their licenced partners

Bought today... but then im normally 6 months ahead of the curve
Does not mean AusCann can sell anything until the products are trialled and later approved by the Therapeutic Goods Administration (TGA). They don't have 50m in the bank, and they are blowing a total of about 11m very soon on the new R&D facility. I think this company will have to raise money again from the market in 2 years time just to survive. All they are doing is burning cash and making promises. We will see if they can deliver on any of the promises made since last year. One must question the big boys sold a lot of shares right after escrow. In the next two weeks, we will see if they continue to sell this down further. I won't rule out the chance that it could bounce 20% up but I am happy not to bet on it at this price. For pure short term punt, I would be tempted around 35c.

Expand

They do indeed have over 40m in the bank, not quite 50m, but close.

AC8 Price at posting: 44.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

IMA

Issues emerging as Australian companies tackle critical minerals challenge

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

There are more pages in this discussion • 1,089 more messages in this thread...

First 727 Last

Add AC8 (ASX) to my watchlist

They do indeed have over 40m in the bank, not quite 50m, but...

Top Stories

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Issues emerging as Australian companies tackle critical minerals challenge

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Cauldron Energy reports "excellent" uranium assays in latest drill run

Featured News