add: SP will break 15c very soon, could be this or next week imv.
Not only because today's announcement: investors will buy 50% of PrIME for $23m, indicating NSP's free carried remaining 50% is worth $23m, or 21c per share.
But also because I expect our investors like Luye Pharma Group will start buy NSP shares on market to average down its investment costs.
Luye Pharma Group already paid $4.6m for 10% of PrIME a subsidary of NSP.
Say if it can buy 11m shares on market from 7c to 15c, (average at 10c), Luye Pharma Group will hold 10% of NSP at cost of $1.1m, to get further indirect 5% of PrIME at 50% cheaper costs but sharing 10% other investment benefits like the promising SpermSep project and so on.
Even if Luye get 11m shares at average 20c per share by spending $2.2m, you can work out it's still cheaper cost than today's $4.6m investment cost, the more important is Luye can increase it actual holding in PrIME.
NTU is a good example, when LYC started to buy NTU on the market, NTU soared 1000% since then.
- Forums
- ASX - By Stock
- MEM
- targeting 60c per share with growth, 8 baggers
targeting 60c per share with growth, 8 baggers, page-3
-
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MEM (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.6¢ |
Change
0.001(10.0%) |
Mkt cap ! $13.00M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $777 | 141.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 4799999 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 7039269 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 - 14.01pm 15/11/2024 (20 minute delay) ? |
MEM (ASX) Chart |