So close and yet so far....
posted on
Nov 03, 2018 10:19AM
An eventful week on the news and coverage front, not so eventful for the PPS. We ended Friday Oct 26th at $3.24 now its a week later and we're at $3.21.....
Roth Capital comes out with a report and a $10 CDN price target, then Makula and their $30 price. Neither one was enough to move the needle on the PPS though. And the volume was pretty tame too.
The PP news came out Friday after the bell, and now that the Third Eye loan is about 1/2 way paid off maybe that will get us moving. The last PP was August 30th when the PPS was ~$3.00 and after the $26 million placement was announced we had a run up over $4 which obviously didn't hold.
It has me thinking that financing risk is a considerable factor, at least in terms of how the market values RVX. If next week starts another run for the PPS then I think that would lend a lot of credence to that view.
I keep thinking that if/when the PPS gets to $5 that we're on our way....forget debt, what keeps a lot of institutions away is the prohibition many have against investing in stocks trading under $5....penny stock status by some definitions.
If its going to happen next week is as good as any time....get us to $4 at least and there are two nice and recent reports pointing at there being a lot of upside left even at $4.