every share at some point, is either under or over valued by the market. Recognising where the stock is, doesnt detract from its long term prospects. What it does do, is allow investment windows to open to take profit (when over), or to accumulate when under.
Right now, bunny monie as i call it is getting caught in the dream, and blinded by the sun.
Doesn't mean that it wont get to orbit, if it goes forward, and proves up those larger assets. Just saying, its too over priced imo, at this stage of its journey on actual results.
And raising capitol, isnt about whether they need it, its about being able to raise say 100m in a 1 for 4 issue.
Thats not scary dillution, but if it does pull back, it will be the best war chest they can have to fend off any future capitol requirements.
Good luck, hope it comes home for you.
RRS Price at posting:
36.5¢ Sentiment: None Disclosure: Not Held
