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Quite likely but not much lower than the 1.50's and then we are set for a strong rise to a new level. That's what the chart is saying and there are some announcements and progress to be made. I'm hoping for over $2 but we will see. Just my opinion.
Slowly getting there. I think it'll get swept up with the increase in the Australian market that is inevitably coming and then will make announcements that further a SP increase. Hoping for the best and anything above 0.25 will do me nicely.
A great day all around really, I don't like that the US has such an effect on the market but I'll take it when it's positive, Hoping to get another 25k shares to complete my position when the time is right but probably won't wait too long now. Once we break .12 or .14 I see us getting into the 20's pretty quickly. Just my guess but I think it'll hit .12 a few days before an announcement and then the 'hammer will drop' as people tend to say. Again, just my opinion but that seems to be what happens in my experience.
Glad we're all here early!
Anything new? Anyone here?
At 7 cents a share it isn't a bad deal I think. They have to spend 6.5m within 3 years so it can all go towards the facility. Raising book value in any case so it's a good trade off for the long term. Glad I got 25k more shares a couple weeks back.
I guess I'm the only one not in this age group... I'm in my mid 20's but I've been researching this entire sector since 2015 and I've made decent money so far. Missed out massively on the Canadian boom but I caught the tail end which I've then used to invest in Australia. Auscann has made me more than my Canadian stocks did which is amazing and I've scraped together some funds for more 'speculative' companies such as MGC and ZLD, if either hit anywhere near a dollar I'm mortgage free before 30!!!
I'm sure you'll all see more posts from me from time to time, just know I read mostly all the posts here so I'm not always loud but I'm always watching. I'll add DD and opinions from time to time if I think their helpful.
My current opinion is that through the summer and going into the autumn months we will see the sector lifted on deals and pressure for legislation.
Holding for those long term gains!!! Will be sweet if it pays off! Finally I'll get a 'rich persons' tax break.
I tried to post DD back in the very beginning of this board but now there's others here, often times it's posted by other people before I can get here. But MGC is a big 'gamble' out of my holdings, I've had 50k since April last year, I got another 25k shares a few days back and if I can find the funds I want to get to 100k shares. That way if it does go up crazy amounts like namaste or others, I'll have a cool $100,000! It'll be like I won the lottery or something! I know a lot is business here but a lot of us are the 'little guys' trying to make it in a world dominated by massive banks, who in turn control the markets and a lot of legislation. Now that the world can't ignore the cannabis revolution (both recreational and ESPECIALLY medical) I'm just hoping this is my generations gold rush. A way to actually afford a house, not be in debt my whole life. Maybe even afford a vacation and not have to worry and work until I'm 65-70!
I love the stock market and the opportunities certain companies might unlock, so I'm happy to chat and share research/ideas with people around here. If there's any releases state side I'll post for sure.
I've done my DD and the 'pipeline' is looking promising, I agree that the hype is on Canada. And RIGHTLY SO! The first G8 country fully legalizing, a major stepping stone for the rest. The public know the truth, not as dangerous as lots of other legal drugs (alcohol is a drug, same as tobacco, same as carffiene) and medically there's not even a question of its validity given the very minimal side effects (compared to other prescribed drugs) so I do think it's only a matter of time. I'm happy to wait another 6-12 months, heck if it ends up buying me a house I'll wait 2-3 more years! My only problem will be knowing when to sell, holding is easy, but I think I'd kick myself if I sold at 0.50 and the next week it went to $1+ you know. But in the end I guess I will be grateful for any significant gain.
Here's to the future!
The stock market is a mechanism to transfer money from the inpatient to the patient.... or something like that haha. I truely believe that.
So glad for the DD on this, it's a speculative play for me and in really considering getting up to 100,000 shares. If it simply checks off the projects it has going on then I can see this hitting 0.50 sooner rather than later, maybe before EOY! I'd go crazy if it's over $2/3 but first things first. All I know is that generally patience is rewarded in the market.
Dead for now it seems. I'm thinking only governmental changes or legislation will bring it up right now. I can't see many updates.
Got another 25k shares before close Friday, happy to hold for at least 12 months so I'm excited to take a punt. 75k total shares now which might not be much to some but it's what I can 'afford to lose' this is my 'long shot stock' that I think could get to $0.50 within 12-18 months IF THINGS GO RIGHT! But I've been in since April last year so I feel I'm about half way there!
https://www.google.com/amp/www.proactiveinvestors.com.au/companies/amp/news/193670
Looking good for the future!
I've averaged up to $0.61 so I guess I'm in over $0.50 too. Even so.... it isn't too bad! Haha
My shares just ticked over to long term gains, but still waiting for a significant rise, LONG term hold on this one. Same as everyone else says. I could give it another 1-3 years though so not too worried about a short term fluctuation up or down.
This 'scam' has made me more in the last 12 months than I made at my job. Another 12 months and maybe I won't need this job anymore! Early retirement here I come!
Just my guess but looking at charts, seems like this might be a good week. I hope so at least.
A few reasons. Canopy isn't at 7 billion yet, they are in Germany, Australia and other countries too, they have a first mover advantage over any company in the world and are already a few years ahead, and Canada will recreationally legalize soon and the market is wider there compared to Australia as well. We will be bought out or absorbed by canopy before we hit 7 billion. But $5 a share is reasonable within the next 12-18 months.
Nothing to see here for a little while longer, as I said in my last post, let it churn, this year should bring some positivity, but it's still early.
Long term hold here I think. I'll give it 6 months to see where we are at. Still a positive company, just early days.
A share price of $50 would put us over 7 billion market cap... I don't see that happening, but $5... now that would be a sweet SP to aim for.
One thing people might not be looking at is that this delay of a couple of months will give these companies more time to grow product before having to have it on shelves for legalization week. I really don't think this will hurt the companies mid to long term. Maybe the short term SP will be affected as we have already seen today but this will be back above the 52 week high within the next 52 weeks is how I will choose to view it.
Do your own DD and Good luck to all!
ForAllSadWords of tongue and pen, the saddest are these... it might have been.
If it's true that the date for legislation is pushed back, then I don't think a month or two will hurt it much, it allows me to use my gains from Australia to get in at a great price and increase long term gains in Canada from the next 2-3 years of Aurora being operational. Not bothered by a setback unless it has implications of around 12-18 months.
So as a bit of an overview and some educated speculation I would say this...
While I haven't seen a big gain or massive buys in MGC this last week, I have heard that more companies are looking into the Australian sector. Canopy is locked into Auscann (which looks like a frightening partnership considering Auscanns ties to Tasmanik alkaloids) so I wouldn't envisage them taking a stake in another small cap. Aurora is with Cann Group but aphria is looking into options to reduce their American exposures considerig the federal laws there and problems it may cause with the TSX and so on. So this leads me to believe they might want more international exposure in the way of an Australian company. My intel points me towards a biotech like Zelda and they have been very strong and had good gains this last week or two but Zelda is also has links with Auscann so maybe it's a pipeline effect from canopy. (This is complicated I know)
But aphria may be looking into MGC also as a way to diversify into the cosmetics industry, they would have a party in the states with that especially with the CBD component, AND MGC already has deals in place with online retailers and a 40 million deal in Korea which is one of the beauty capitals of the world considering the amount they spend on products per capita.
I would think that there are more deals done between Northern America and Australia in the future which may lead to a nice increase in PPS from both the premium on the shares for a buyout and also from the hype created once it had that stronger backing and the confidence bigger companies bring to investors to put their money into one stock over another. Legitimacy might be a better word. HOWEVER I think the most significant and long lasting impact would be a change in legislation loostening the restraints even on medical access in Australia. By increasing patient count they can further expand current production facilities and would have consistent domestic demand on top of exports which would also more than likely call for larger production facilities.
All this makes for more revenue and greater profit margins and then we will see a $5 share price. My estimate is 2-3 years conservatively.
I'm thinking of reducing my Canadian holdings in 3-5 months time and buying more Auscann/Zelda/MGC on the profits gained in Canada. I think by then Australia will still have a good way to run and Canada will be at a bit of a peak then and will take a while longer to consolidate before any other leg up. I hope I can sell at the peak though to maximize long term profits from reinvestment in Australia. Every share will count.
I've only got 50k shares in MGC, 250k shares would be a heck of a lot to have for my risk tolerance, but I do think the company will go up. I like it as an addition to my Australian holdings, im more invested in Auscann as I'm more sure about their future but I like MGC and ZLD as a nice little bonus if they really do well.
Good day in Australia let's hope it shows and holds in the US. Closing at the HOD is a good sign usually.
Just curious as to what people will do with their gains here? I've consistently said for me $3-$5 US is my exit point, at that time I think I'll take a month long family vacation to Italy and Australia. Italy because I've always wanted to go and then Australia as a kind of pilgrimage to the place that will have (hopefully) made me enough money to where I can enjoy my remaining time with family.
That for me is true wealth. Not the size of the bank account but rather what it allows you to do.
Not to get too philosophical but i think about it this way. If I had 20 million tomorrow I would retire, go on vacation and spend my time with family... if I had 200 million tomorrow I would do the same thing. At some point more money doesn't mean more time or more happiness.
I'd love to hear how people plan to enjoy their newfound wealth down the line?
While it appears that this has big swings, it's feels like aftershock from the rise. This has gone sideways if you look at today compared to Jan 10-11th. So I hope it settles nicely before some news hits.
I've read that now the blueprint is laid by Canada, Australia will be able to follow suit more quickly and with less unforeseen road bumps.
I really hope I'm right but do your own DD of course.
74000 shares on the bid at the moment, volume is ok for the day so far but not many are being sold. No news so it's still in the dark as to why this is moving in such a way but I'm hoping for something positive to come out this or next month.
I haven't sold a single share, and I'm sitting on a crazy anmount. I'm completely in here for the long term but it just seemed like it ran up too fast so we had to wait for it to settle before anything significant again.
I'm happy to be wrong, today it ran up 26% and as I said, didn't sell a share, its long term capital gains for me by late march so selling now would be foolish considering the tax differential on the gains.
BUT I MASSIVELY agree with CES... buying is easy, selling is hard... for me at least. I was a trader to begin with and lost over 30k!!!! Since then I've only bought stocks that I've held for a minimum of 6 months.
My mid-long term mentality has brought me a small amount of wealth and I believe my LONG term investments (1-3 years timeline) will pay off my mortgage. I've always said my target is $3-$5 USD for Auscann and I'm hoping for the lower end of that by the end of this year.
Some great news and catalysts recently but I think until Australian government legislation allows for greater domestic medical use we will see it go up and down a tiny bit but mostly sideways for a few months. For sure I think it's a winner with great things on the horizon but I'll check back in 2-3 months so I can start to see some real gains.
2-3 months is my guess for a solid 30-80% gain and held. Around $0.20 USD would be great by may.
Let it churn. See you all in a couple of months when the real gains will start.
Continuation of the drop in SP on no news means (to me) that this is just par for the course. We had a great run up and it still needs to slowly settle and find it's new level before another nice long wait for the next run up. Probably mid to late summer and I would assume it'll run with the Canadian sector leading up to legalization. While America doesn't directly affect our SP that much it does have influence in the wider market and I would guess we would have to wait until June/July for the next significant leg up.
I assume this is just following the downturn in the American continent (US and Canada) but still a large gain. Even down 10-20 more cents wouldn't bother me too much. Lots of American money will more than likely flow into Australia sooner rather than later now. Just my guess but I guessed Australia would become hot back in march last year. Just hoping I'm right again. Do your own DD.
Enduring the sell off. Especially in Canada right now, OUCH this hurts. Nearly down 80k but as they say, when there's blood on the streets then buy.
I think it's a combination of a correction and panic selling. I know valuations were high but going into this summer and later this year I don't see how the PPS will be lower that it is today.
They're an Australian MM company, they have multiple products, mostly CBD beauty products but they're also pushing into other aspects of the sector. They've already signed some good deals, a 40 million supply deal in Korea and another million with a U.K. distributor online.
Just type MGC Pharma into google news and read a couple articles.