I don't like to try and predict short term market moves in a stock....but this seems like a no-brainer.
IMHO....this has UP written all over it.
Despite the big rise....MRPHF had every opportunity for a correction in share price Friday, but stayed strong to the closing bell. That suggests more strength on Tuesday.
There is resistance at .2793 and the next resistance at .3035.
There was a 6.5 cent spread in Friday's prices.
IF....MRPHF does have a strong day like Friday...we would shoot past BOTH resistance levels.
If we get Vegas news...I would think gapping up could happen. I will be happy to see it break and hold over 30 cents without news.
NONE OF US will ever get the chance to buy Canopy for 25 cents......but...ALL OF US have a chance to buy MRPHF near 25 cents.
By the end of Q1 2019...I think $2-3.00 is possible.....if we execute on our plans. As the share price gets over a dollar and up....raising capital is easier, with less dilution....if we were still without a partner and needed to raise cash.
If we are in talks with a JV partner...it would be reasonable for them to expect MRPHF to show proof of getting operational in Vegas. Since Vegas will be 2/3rd's (380,000 sf) of MRPHF's total footprint of 595,000 sf...the significance of the Vegas operations can't be underestimated. This is why I think news of Vegas becoming operational will cause a gap up in MRPHF. Becoming operational in Vegas may trigger JV partner moves behind the scenes....if they are in talks.
These are all just my opinions of possible scenarios for MRPHF. My preference is either a JV deal for cash to quickly complete our planned buildout on schedule...or...If the stock goes over a dollar soon...a PP could cover the cost of our buildout, with minor dilution and leave MRPHF in total control.
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