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Sounds like feeble is sitting they're having a tug over the share price during the day !
Let's see what the SP does today eh chaps? Down again on the ASX.
A million out of 2.3b? Massive.
It may not be alot but at least it is positive.
Jeez there are a few bitter and twisted shareholders in AU isn't there...?
Guess we get them here too on any stock with liquidity...
Fable, you talk rubbish. No facts to back anything up.. 5m grant to renovate the Malta factory. Roby has a minimum of a mil shares. Half the crap you spout is bs. Pick a new hobby.
"In March 2018, the Group obtained a letter of intent from Malta Enterprise"
The lads wasted no time raising capital...
11 April 2018 - Firm Commitments Received for $5m Placement - Malta MC Facility Contract
The funds raised will be used to establish the Company’s medical cannabis
production and cultivation facility in Malta, in accordance with the new contract
awarded by the Maltese Government, and general working capital
We concluded, they decided 'working capital' took priority.
lunatics.
Ehsan will require proof of this 'nonsense'...
"The Group’s facilities in Malta may not become fully operational in the anticipated timeframes, or at all
In March 2018, the Group obtained a letter of intent from Malta Enterprise, which granted permission under the Production
of Cannabis Law, for the Group to establish a facility and operations in Malta for the production and manufacturing of
medicinal cannabis products, subject to complying with the conditions set out in the letter, relating to the conduct and
operations of the business, engagement of employees and capital expenditure. On 8 August 2019, an emphyteutic concession
deed, for the allocation of industrial land measuring approximately 6,000m2 located at Hal Far Industrial Estate, was executed
for the benefit of MGC Pharma (Malta) Property, for the purpose of constructing a manufacturing facility. Further details of
the emphyteutic concession deed are set out in Part 16 of this Document - “Additional Information”.
Subsequently on 10 September 2020, the Group received a second letter of intent from Malta Enterprise, addressed to MGC
UK, confirming that it has approved the allocation of industrial space for the setting up and operation of a facility in Malta for
the provision of standard laboratory services to the medical industry in Malta, including process validation, GMP product
release, contract research, quality assurance and in-vitro research and the setting up and operation of a production line for
the manufacture of ArtemiC™. On 6 October 2020, a deed of lease, for the allocation of this industrial space located at Hal
Far Industrial Estate, was executed for the benefit of MGC Pharma (Malta) R&D Limited. Further details of the emphyteutic
concession deed are set out in Part 16 of this Document - “Additional Information”.
As a result, the Company has decided to delay the building of the larger facility, and instead build an alternate facility to serve
as a manufacturing facility for ArtemiC™, as well as to undertake clinical research and analytics, and also as an alternative
manufacturing facility (with faster lead time) for the Group’s phytocannainoid products. Construction of this smaller, 480 m2
facility commenced in Q4 2020 and following its completion, the Company will focus its resources on the construction of the
larger facility, which is expected to be operational in mid-2024."
See pages 15-16 & page 110 for 'Part 16 - Additional Information'
https://mgcpharma.com.au/wp-content/uploads/2021/02/MGC-Pharmaceuticals-Prospectus.pdf
Hi Thefable, the Malta 'existing refurbished facility' is the collaboration with the Maltese Gov/Malta Enterprise originally announced as a CRO/research/analytics set-up, this then became a manufacturing facility for ArtemiC, due to the flavour of the month being COVID.
This 'Malta Facility' is NOT the Multi level 'to be built' facility with a greenhouse atop.
I know you're aware of that though.
The Malta factory is not much more than a lined room. Quite possibly the works are part of the take up lease deal? 2 men throwing up plasterboard is not a factory under construction. It was originally meant to be a processing plant.
Do something simple for yourself. Look back 5 years on the charts. Look at the price spikes & correlate them with the Ann. Then look at the benifits those Ann's had in relation to SP. Also look at how many of those deals came to fruition.
Rather than childish name calling maybe have a genuine look for yourself if you are actually capable of such endeavors? Otherwise best go buy a few more lottery tickets??
I haven't told you to sell up. I've suggested you do some genuine in depth research into how MGC operates. Why do they let the most valuable assets go? & to who?
You've obviously done little to no DD? Merely attached your hopes & dreams to hype?
Short of a complete change of management MXC will get t o 1.5p & stay there till death. But you keep going accumulate as much as you can. It won't take much to hold more than management
The ceo may be dick but I am really surprise the researchers in this company will ruin their own reputation. Why waste time and money to create a Malta factory? I guess lets see how this pan out. I haven't bought any shares but following mgc out of interest as a couple of friends took a punt.
@pokerchips
you still here, you must be one sad lonely person giving financial advice out as a freebie, if you were that bright you'd be charging for it!...and there was me thinking you was a clever bunny haha, you missing out on huge earnings, search for the missing sandwich
Oh look.. Jokertrip is now Magic Mike. Wheres feeble your triplet?
I'm not the 'di#k' spending days trying to get people to sell up.... you're here to help the world obviously. Maybe you need help or a day/night job. I'm doing good with Cbx I got out early ;) my money now sits in Argo
" Bought in at 26p.. it will rise to over 30p for sure. Just like kanabo and Mgc. "
Stutrade
How did your 26p buy in CBX work out ? ..are you still holding and waiting for that "sure 30p+" ? still see it as a strong buy ?
With respect..you sound like you need all the help you can get ...instead of being a d*ck and calling people silly names..maybe listening to them might help
All the best
Jokerchips
Nobody is interested in your one day old account. Its obvious you have some agenda. You and all your other one day old accounts. Nobody cares about your opinion feeble.
All you need to do is some due diligence before you get in to deep. Research what these guys have achieved & the companies they deal with. Look in depth. Don't just refer to their Ann's. Look who owns the companies they deal with. Look who they sold assets to & who owns those companies.
Research the previous successes of the board.
I'll call him or her feeble from now on.
4 messages(all negative)...only been a member as from today...where have you been? . why should anyone take any notice from a complete novice. You are not invested in this share yet feel the need to past your judgement on this board. Please explain your motives.