I disagree Jim. I've been party to several conversations with boutique private wealth firms who were looking at SGH for their clients. They are interested because the potential returns are compelling. So whilst they aren't strictly institutional investors who will bid up the SP in the short term and/or end up owing +5% of the future register, they have some not insignificant coin to throw around.
The magnitude of the SP drop puts this at the specy end of the spectrum alongside oil and lithium explorers. People happily invest in the likes of PLS or 88E on the basis it will be a 5-Disallowed. I am in them myself and accept the huge risks that exist. Is the potential outcome for SGH any different? It's oil find is the fact that it has been operating for however long, some part of its business continue to function and generate profit, it just needs to work itself out of this mess. So yes, no rocket ship in the ST but neither is there a rocket ship for the other multi baggers. PLS is probably a bad example because it went into a trading halt today but you can probably take my point. A SP recovery in multiples should take time. This doesn't necessarily help those that saw the value drop in a relatively short amount of time.
Put another way, if you sold all of your SGH shares tomorrow and invested the money somewhere else, would you realistically expect multi bagger returns in the short term for less risk?
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