RE:RE:RE:would would would# Alternative:
In the case of 1: this would give new hope and stabilise the share price above CA$ 1.50 for at least two quarters.
In the case of 2: It would be important to know whether the customers are large or small in order to estimate the growth potential. In any case, the price should rise to the CA$1.50 to CA$2 range.
In case of 3: In that case, it would be important to know whether it is a well-known partner or just a backer. In any case, the price should rise in the range of CA$1.50 to CA$2.
However, the prices from Q1 2021 were a pure bubble. Even if 1., 2. and 3. were to occur, I think the top would be reached at around CA$ 3. The new CEO would have to deliver, the new JV would need money or a capital increase and Merit would have to continue to grow significantly. So far I am satisfied with my range (downwards CA$1) until the next quarterly result and actually I have great doubts about all three of these points. It will probably only be a little bit of everything.
Moreover, Burcon's announcements, any price fantasy and all the price jumps of the last 20 years have always proved to be completely exaggerated. I am therefore still very satisfied with the trading range I mentioned weeks ago.