talon valuation minimum 12c to 14c, page-35

Asf, heaps of companies trade under cash backing. And a truck load more trade under asset backing. Dont underestimate the power of negative senitment. Oil and gas stocks are being pounded without the negative sentiment. I invested in ajq on float at 50 cents to see them drop well below cash backing to about 17 cents. They are now back up to 34ish, but it took a while and they didnt have the negative sentiment txn did.

I really hope they do well, but they would want to deliver something impressive for the market to respond. In my view a very high risk spec stock, but purchase at much lower levels than they are today, because in my view they will drop and significantly unless they can instill confidence in buyers.