Any comments by Bot are just crap. He never substantiates anything.
I look at him as that crazy guy that stands in the city with the "Apocalypse is coming" sign. They have them everywhere and have been around for years.
Logically we wont drop to 12c. Because we would be 1.2B company and the dfs highlighted NPV at 2.2B. Any astute investor would be all over it before it got to such a level. The only time it drops below NPV is when macros arent playing well which at present still arent right with inflation running rampant. That being the case we are seeing below NPV. Doom and gloom multiplied by no money for investing due to cost of living and loan interest being through the roof.
The ones that can hold on through these periods are the ones that reap the rewards. The ones that sell out due to financial stress suffer further when the bounce back is a 5+ bagger. Such is markets.
“The stock market is a device for transferring money from the impatient to the patient.” Warren Buffett
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