Nor should we overlook the strong inverse correlation between Eden and the Top 50. As the Fed presses on with rate rises and the other Central Banks grow less dovish, the broad market will be increasingly under pressure. Eden/Tas will be priced on Edencrete's merits (and fairly soon on the prospects for Edenplas).
It will be increasingly difficult for junior funds to avoid an obvious performer as US Big Tech and many absurdly priced local stocks roll over as money becomes more rationally priced. Many funds will be looking for another Dominos or Blackmore (!!) and when they do bother to check it out they will see a company aiming to make its growth largely self funding, a company attracting global interest with an immense potential market and an essentially very simple product which can't be hacked or easily reverse engineered by China Inc .
EDE Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
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