Post by
tictactoe111 on Dec 07, 2020 3:26pm
Potential - Low risk / high reward if they do hit imho
Currently C$23m Mkt cap and they have C$14m cash in bank.
Company share buyback underway and currently company actively
repurchasing its stock around 40c so nice support there for protection against any potential sector downdraft.
Insiders keep on buying
low float
Should be a steady stream of newsflow coming through over the next 6-12 months from their multitude of active projects.
So limited downside and a solid low risk with potential high reward, especially for this sector! No great urgency in taking a position but given market cap to cash position and no dilution risk ahead I am hoping this has a more than a reasonable chance of being significantly higher by the end of 2021, perhaps much sooner.
A while ago now but note the speed of the reaction when they hit before!
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ca%3Amrz&insttype=&freq=2&show=&time=20
I'm already in but increasing position size on any weakness.