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There more than 4 of us, I assure you. The cream can be sold in the US, however they have a 40 million dollar deal with a cosmetics company in Korea. Cosmetics are HUGE in Korea and there will eventually be expansion into the rest of the Asian market or maybe Europe.
Right now it's a bit of a speculative but however I do think it'll rise with the rise of Australia in this space. More exports and revenues will drive the SP and then eventually a local market will be set up.
I've always said Australia is 2-3 years behind Canada. I'm mostly in Auscann for Australia but I really like MGC and Zelda as my 2 side bets.
I've got some investing advice for you, why don't you shove it in your portfolio... More shares of Aurora that is. haha!
The way I see it, we won't be lower than where we are today around April/June time so might as well hold and add if I can.
kts just my opinion though, I could be wrong.
ForAllSadWords of tongue and pen, the saddest are these. It might have been.
On the down days it's quiet here... I hope it's because those of us here are smart enough to realize this is just a pullback, a necessary one with some nice consolidation before the next leg up. Not much else to comment on I guess, but the I think it needs to hold between 1.50-1.54 otherwise it could be a bit more of a drop before another pickup.
I'd like to see trading/holding around 1.53-1.54 for at least a week or two to be very confident of the $3-$5 later this year.
Best wishes to all. I'm honoured to be on this ride with you all!
Remember!!! ForAllSadWords of tongue and pen, the saddest are these... it might have been.
Ahh, I'll check back in from time to time. I'll probably keep 10k shares for the long term. Perhaps I'll sell the last ones in 5 years time or something but $5 USD would allow me to retire.
You can have all the money in the world but if you never spend it or use it for enjoyment, what's the point in having had it at all? I'm happy spending profits on money making enterprises like rentals but once I have a passive income of over 8k a month I'm done working and spending wil start.
I truely wish everyone here the very best, may we all become rich and not miss this opportunity.
For all sad words of tongue and pen, the saddest are these.... it might have been.
A pullback is to be expected, especially since its run up so much, I've been in since IPO days back last February/March time, bought some expensive shares and some cheap ones to average 0.6 a share, with long term capital gains kicking in within 3 months in fine with a nice pullback, it means within a few more weeks we should be going north again. Price target for me has always been betwee $3-$5 and I think we'll get there by March/April.
I would suggest going over some old posts to look for news article links. It's a bit of a pain to get solid figures right now especially in regards to revenues etc as it's such a young company still.
Think Canopy 2-3 years ago and that's kind of where we are.
Hoping to break and hold $2 this week.
.57 won't be seen again I believe, I'm in just north at .60 but I took a sizeable punt on it, I hope you did too!!!
Best wishes for us all!!!
Yep, hard to wade through all the numbers sometimes to find the right thing and the right meaning but to me the only number that really counts is the SP, hoping for north of $3 within a few months.
My data says 129M shares outstanding as of today.
Hope everyone here knows we are linked to Auscann and will soon be following the asx trend and will be skyrocketing. As long as the company makes the right moves we should do very well!!! It's only just begun!
Bought in feb-march last year at an average of 0.60 USD. Holy crap this week has been one of the best of my life!!!
If you look at my previous posts I've said exactly that, exports will be massive for Australia, as I say, you can ship more by boat to china from Australia than you can fly there from North America. Once Asia is open it may go REALLY crazy but that's beyond my timeline personally. At $3 US I'm mortgage free and both my kids go to college with a little left over for a family vacation. Between $3-$5 is my target but I'll sell the day it goes over $3 for hopefully whatever the HOD isy. I'm sitting on an obscene amount of shares my friend. Auscann was my 'big gamble stock' and for once in my life it's paying off!!!
I've seen many other stocks in this sector have giant gains and huge daily % increase and have been saying for a while 'when the heck is it my turn with auscann' well, I've had my shares since early last year and been along for the whole ride, and finally the sweet taste of patient success!! At $3 USD I'm out
Also seems a bit perfect that Auscann partnered with an international distributor like tasmania alkaloids and now the main source of revenue will start with exports... thanks Australian government!!
http://www.theadvocate.com.au/story/5150718/tas-alks-considers-expansion-through-medicinal-cannabis-exports/
This is why we finished up 50% since day 1 I said I'm waiting for $3-$5, it's now looking quite achievable.
http://www.proactiveinvestors.com.au/companies/news/189492/auscann-groups-shares-surge-following-green-light-for-medicinal-cannabis-export-189492.html
Look for revenues in the first half of 2018, the same goes for a crop harvest in Australia.
Thanks for the offer but I'll probably just contribute to the board, news is important and sometimes opinions cast new light or provoke other ideas. I'll be here for the ride for a while.
Canopy holds a good deal of shares that they can't touch for another 2.5 years, I'm with them on the future of this company, it may be a way off but the gains should be much higher, my timeline is another 12-18 months.
I'd like to sell for between $2-$3
Auscann is currently the only fully integrated company in Australia, it's an update about how to proceed moving forward.
Basically time to increase revenues and productivity. First meaningful revenues will probably come early to mid 2018.
I have once bid the ask to increase the SP just before the EOD so I could say I gained x amount that day lol!
I created the Zelda therapeutics message board on Ihub, I was going to make an MGC one as well but I'm also on Auscann too if you check those boards out. I hold all 3 in my portfolio and I'm happy to say I own 50k shares of MGC pharma at dirt cheap prices.
I think once Australia follows the global economy a bit more it'll lax its laws on medical and recreational cannabis, it's a prefect grow climate and a short boat ride to Asia.
You're wrong but your right.... wrong because there are a couple of us who know about this... but right because this seems to be a winning secret and we're in before anyone else.
The chart is looking positive, I feel as though Auscann and Australian cannabis companies are a bit of an afterthought in regards to the global arena, especially with the focus on Canada this upcoming year (and rightly so), but I think this is mainly due to the current restrictions and long winded processes that are in place. I also think that with time, these restrictions will be relaxed as Australia follows the global economy and this is the next global boom. Then with Australia having a fantastic outdoor climate and being so close to Asia, I believe many will see Australia as a strong play far too late.
We however, are here early. We will get the juiciest worm so to speak.
Just my thoughts and hopes.
Some interesting things going on here, loaded more today at a little bit of a premium but in the long term it will pay off. Average in at 0.08 usd and waiting for it to hit 0.50 usd within 12-24 months.
They would convert to TWMJF shares. But I doubt a buyout will happen anytime soon. We would need solid revenue and the situation in Australia would need to mature more, regarding federal legal medical use and possible recreational legalization. Medical could be 1-3 years down the line and my rough guess for recreational in Australia is anywhere between 3-5 years.
It also depends on the international situation especially in Europe. TheUK doesn't look like any time soon, with brexit to deal with and the last time it was up for reclassification instead of decriminalizing it, the government raised it to a class B drug from class C.
Germany is a much nicer picture and is the powerhouse of Europe, with the U.K. Leaving I would expect them to have an even greater influence. France/Spain would follow and once Canada and probably the US as well are on board, then I think Australia will follow the international community. But that's just my view on the international markets. Regardless, medical looks to be a sound investment for at least the next 1-2 years.
$5 a share would be way too much, at current levels it would be closer to $1-$1.25 a share, so at $1.25 a share the SP would rise to around that range and you'd be able to sell for a profit or (more likely) canopy would do an all shares deal at $1.25 a share, giving us 1 canopy share for every 10-12 shares of Auscann investors own.
To me the share deal would be more profitable in the long term, owning 10,000 Auscann shares would mean you'd get roughly 900 canopy shares and after giving it 12-18 months those canopy shares would appreciate to maybe $20-$25 each (rough guess).
Canopy already owns around a 10% stake in Auscann so that may skew the numbers a bit but that's the way a takeover would generally go.
All these numbers are estimates and are just to give an example.
I think a canopy buyout is a reality once we have some meaningful revenues and once we are cash flow positive. Either way I'm hoping to get between $1.50-$2 a share in the long term (1-3 years).
Patiently watching this stock and it's currently up 30% in Australia. Looking for news but can't find much, I think it's to do with trials for eczema and autism but not sure on that. News will be out soon and ZLD is linked with Auscann (who has a trade hault until Thursday) so I'm expecting good things short term.
Great things long term!
Auscann is linked with Zelda and they're currently up 30% today, trading halt this long usually means good news, I would anticipate a positive announcement regarding their dealings in Chile.
Look for the PPS to hit a new 52 week high.
Just my expectation from what I know.
Yes, but so does Aurora, acbff still trades million of shares a day on the OTC. Was hoping this one would too.
Thanks. Was looking at that but it has under 10,000 shares traded today... might it be hard to get some? Each would be worth 4.5 aurora shares so anything under $15 a share would give a good return.
Cannimed's US ticker anyone??
Reminds me of the canopy-mettrum merger. Might want to pick up some of both tomorrow.
Finished work at 2am, forced myself to wake up at 8am to be ready, sold all my shares at $5.00 (my price goal for the last year!!!) I know it's a bad day for the stock but holy crap are some of us glad!!! Saw it was going down and sold QUICK! I'll buy some back I'm sure but nothing over $4 I think.
I'm happy with a 7 cent gain today (or there abouts).
When we have some revenues and then profitability it'll blast past .80 and I'm waiting long term (2-3 years) for it to hit $3 a share. Perhaps on a buyout or perhaps with a supply agreement with Asia (it's only a short boat ride and boats hold more than planes) and when it hits 2.75-3 I'll sell up and retire.
Good luck to all longs!!!!
Not to be a pessimist (I'm long on this 100%) but does it have much more to run before some kind of correction. I know $5 is a strong target and will be a new level but could it go back to $4 before another big pop to $5.
As people here have been saying and as we can see, rsi is over 90 and at some point fundamentals have to kick in, even though it's still short term and there's a long way to go, it's just climbed over 100% in 2ish weeks and that makes me feel like it's a bit unstable for now....