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Ann: Entitlement issue and dual listing, page-9

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Grogger

87 Posts.

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01/03/19

11:08

Post #: 37617799
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Originally posted by Broadviewhorizons: ↑

In the short term yes the SP can drop by odd 20% to the CR price of 0.02c however you are missing the bigger picture such as;
- funding in place
- majority of ownership of over 70% is management
- dual listing gives huge exposure to Euro market where most KOLs are + potentially attracting significant buyer/investor interest
- production due to start in a couple of months
- market cap of under 10m
- significant announcement to probably come out any day/short term and unlikely to be negative

and you are worrying if the SP slides down by 20%?

I like to look at the bigger picture. Also if you observe the volume, although the SP has dropped to 2.5 in last couple of months, the volume is MINIMAL i.e. no one is wanting to sell other than a couple of impatient buyers who probably bought in Octobers hype when the SP was 5-6c. With product ready for commercialization the MC should at least be 40-50m or 10-15c. DYOR and good luck. I would love to buy this stock at 1c as well but that opportunity is highly unlikely to present itself again....Good luck to all!

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I can tell you haven't been involved in MEM for very long.

This is same old, same old.

MEM Price at posting: 2.3¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $13.00M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$12.5K	2.5M

Buyers (Bids)

No.	Vol.	Price($)
4	4139600	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	11066843	9

View Market Depth

No.	Vol.	Price($)
2	60206	0.024
1	14090	0.022
3	497619	0.021
5	649700	0.020
2	130000	0.018

Price($)	Vol.	No.
0.025	153799	6
0.037	18526	1
0.039	1200000	1
0.046	100000	1
0.047	1160000	3

Last trade - 15.45pm 29/11/2024 (20 minute delay)

MEM (ASX) Chart