AC8 0.00% 4.0¢ auscann group holdings ltd

Will we see a drop shortly, page-15

  1. 1,196 Posts.
    CPH had a large SI .69c cr and is offering up to $1mil cr for SH @Limit of $15k per SH, this is why they are not moving much, those shares will all be active around 2nd week of April, they are currently trading at fair value, a little up imo.

    ZLD had a trading halt as they did a CR for SI to the sum of $6m @7c, so they are actually trading higher on the CR price

    MXC has over 1.2b shares - similar to QBL, any company that has that high a degree of shares is going to hit major resistance points as either day traders or profit takers sell out. MXC was down at 7c just a few days ago, retraced to 8.2c and now hovering on 7.6c - this is actually a very good climb based on 6c cr only just happening last week. It will need to provide revenue stream in the $10-40m range to see a climb to 15-30c, imo you will only see 3-4c gains from both QBL and MXC on basic news that does not relate to sales.

    Ac8 agree with most of what you said other than the holding 5-10 years as profit and accumulation points is how you consolidate a position over time, also this market should be very transparent in the next 2-4 years in the direction the world is heading in relation to both medical and recreational products.
 
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