Relax dude. If you have too much invested in it and worry about the company, perhaps sell down to a comfortable level? I am more than comfortable holding my parcel. Management have delivered everything they have promised to deliver so far.
If you did you sums when they raised capital last time, it would have revealed that they were very tight. However, notwithstanding this, they have gotten buy in from 2 instos and support from a number of high wealth individuals. This is in top of NAB and BNP Paribas.
Don't forget that BNP is a french bank. Given so much uncertainty in Europe, you would have thought they would be very careful in how they deploy their money. I know some Eu banks are repatriating large licks of capital back home, so I see their continued involvement as a sign of confidence.
I still maintain a bullish view on this. There are still risks for this company and until they start commercial operation, this company will still remain a speccy.
You have 2 brokers with a target price of 6-8cts. If you do back of envelop calcs, I think those figures might be quite conservative and have not factored any upside potential. I'm not going to go through them again, see trouser's previous post for a back of envelope calc.
MOY Price at posting:
39.6¢ Sentiment: Buy Disclosure: Held
