TSXV:KHRN.H - Post by User
Comment by
Benedictuson Jul 11, 2019 10:10am
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Post# 29908386
RE:RE:when do i buy ?
RE:RE:when do i buy ?Khiron is severely oversold but let’s see if this 2 support region holds on a closing basis. I added again here. Next support zones are 1,75ish and 1.60ish. I’d be surprised if it gets to 1.60 but this sector rout continues to be vicious, so you just never know. Revenues should come on very strong next year but for now the market gets to play these games. I will say the timing of their placement at 2.90 was quite good as I see many others in the sector with high cash burn rates and needing to do a raise soon in this terrible pricing climate. Even though khiron has a high burn rate and even with a probable additional acquisition I do not see a need for a raise for 12 months or so. All imo