This is opinion. Take it as you wish.
We're entering a new phase, I think. With these two announcements and more to come in the next few months it should average up.
MST will once again come into the sights of the day traders, maybe not too much just yet, but certainly once there have been a couple more good announcements and an expectation of more to come. You can expect some wild fluctuations from time to time not necessarily related to any real value in the company. A caution to real investors as opposed to traders, if it's rocketed up quickly it's almost certain to rocket down again quickly, though perhaps to a higher average so don't be too quick on the buy button when the stock is racing up! I've seen this many times (including in this stock - would you believe I had some shares in MST when they were $3 but I was overseas at the time and didn't sell).
How high will it go? Who knows? It wasn't that long ago that it had a cap val of $400mil and more, all speculative. With the technology it has and with lots of further developments that could come, you could say this might be a billion+ dollar company in a few years. Say 1b. gives a sp around $0.50 with around 2bil shares on issue. Perhaps someone out there can make some enlightened guesses as to how many mauls, red back, firestorm etc could be sold and what the potential profit might be and come up with a guess as to what the company might be worth in 3 or 4 years (assuming all goes well).
In the shorter term, there will be a lot of profit takers and it will struggle to get up to the level achieved on 22nd Oct. but it should tend up now that it is going to be on a firmer financial footing. Good trading opportunities for those who are that way inclined. I would expect ups and downs of as much as 25% within short periods. I think the .06 options issue will set a bit of a lid on the price for a while, but eventually it will break out above that if the company gets quite a few contracts.
This is opinion. Take it as you wish.We're entering a new phase,...
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