Some good analysis by people , some didn't expect it to move quick , some skeptical and didn't buy others probably don't know MNQ exists
One thing about trading I have learnt is emotion and your short term thoughts on price movement can be a tricky beast. That's why I like valuation and understanding of potential growth in the journey of a stock. Yes up and downs along the way but valuation can assist you with the goal
RAP just released a presentation showing a $132 M mrkt cap , subtract the $12M they just raised and you get $120M , this valuation achieved in less than 8 months of their float
MNQ worst case are looking at 900M shares on issue , but with the float price yet to be determined and current price over 2c the issue is likely to be 850M which at 10c is a $85M mrkt cap well under RAP
One can begin to see the attraction of MNQ at anything below 5c , in fact approximately ballpark
$100M cap is 12c
$120M cap is 14c
MNQ Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
