How many shares did Sirius have on issue at the time their share price was at its peak? How many does MDR have on issue? From there you could come up with a share price model that might provide some indication of what to expect if MRD get comparable results.
I think for memory MRD have about three times the shares on issue that Sirius had but have not checked. If someone can crunch the numbers, you could work out how high MRD could go if they achieved similar results. SIR made it to over $5? What is the equivalent for MDR shareprice?
I bought SIR at 28c, watched them go down to 5c, thought about selling, glad I didn't. Sold some around $2.40 and held most until takeover. Still hold my lot in Independence as well as S2R. Also got my cash payout component which amounted to my original outlay by coincidence.
High risk but the rewards can be very high. We will see how they go.
MRD Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held