Very cheap in my view. Reminds me of when I looked at IMD back in 2004. I kept looking at it all the way up without buying - would have been a 10 bagger. I am not making the same mistake on XRF, having already taken a position and will buy more if there is any weakness. Very little downside in my view and huge upside if they get traction with their new products.
Need to be patient but this could easily go to 50c over a few years.
Would not be surprised to see someone like ESS took these guys out. A merger with SCD would be interesting, but I expect they each want to run their own show.
MD has a history of being associated with companies that get taken over and now has enough shares to have an incentive to sell out at some time in the future.
Just my opinion Monty
Just my opinion Monty
XRF Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)