Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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'With this stock PATIENCE IS needed…..'
( was this an MGC joke or a typo btw?: 'We are all here to make money so make it pot' )
That 'patience' argument is all very well, however it does not address what investors' legitimate and realistic expectations should be. A chart of MGC’s sp since the launch less than a year ago shows that market expectations have varied wildly:
https://invst.ly/wu4l-
Has this been due to misconceptions, misinformation or poor performance by MGC? They recently returned to the market, within nine months, to get more cash, as they are apparently burning it rather faster than they are earning it. Does this point to lack of foresight or does it indicate the way they plan to progress? Can we expect them to periodically tap the market for more cash whilst their prospects and value per share continue to remain on the launch pad? Clearly there was some hype back in February and the ‘get rich quick’ brigade appear to have stormed in until the cold breeze of reality blew away the smoke from the mirrors. The next leap of faith came in August with the announcement of MGC’s deal with US AMC Holdings. How is that doing exactly? At least some capital growth might ordinarily have been envisaged before the hat was passed around again. Wouldn’t it have been reasonable to see some tangible results, reflected in a proportionate increase in market cap before they came back for a new injection of funds? Patience is one thing, trading is another but idly watching your cash erode with inflation is not as smart as either.
I strongly agree with you Tiger. All pharmaceuticals it is wise to look long term. The success and the demands of a new product will pay off. The share price will fly. The company will profit, the shareholders will become millionaires
When you invest in peny stock as I said before, think long term. There are plenty of day trading stocks where you can small cash daily.
With this stock PATIENCE IS needed.
Don't get excited when it goes up, keep it going till you reach your target.
We are all here to make money so make it pot
Gla
Heading in the right direction sp wise no, not after its hit its lowest low twice in one year, it does love a 2.06. But, good to see the bounce back so not all of those new investers sold up today. Company wise, is going in right direction... to somewhere. Indeed patience is needed here, along with a stick to poke it to mKe sure it can still move :).
I believe the patient will be rewarded here, the company are heading in the right direction and investors needs to stop watching the daily stock price movement. Don't think days, weeks, months. Think years with this investment, set it and forget it.
MGC_Pharma is on track to deliver ‘far and away the best financial performance of the company’ in the coming months. Saying if its new drug CimetrA, is given approval in just one market ‘its finances would be transformed overnight’
I like your thinking Magstar
We are just scratching the surface of where plant-based treatments, intersected with modern science, will bring us back to balanced global health
@Magstar.
I am sure we will. I am holding and topping up whenever I get a chance.
Gla
@Itaforever
I had a word with Roby, he has agreed to hold all the good news until I have the money to buy some more shares.
Right now I'm saving up, but this time next year... we will be millionaires
Too many questions in my head.
Why a company with great potentials not moving up.
Why not be the first to release plans and progress.
Why the price is going down instead of heading north.
Why people are selling when the price is down.
Why waiting for RNS all this time knowing that investors will be happy to get positive news.
Why, why, why ?????????
Gla