bouncing round like a basketball!, page-2

Gday Joker,

Yeah I have been thinking about it a lot and without knowing anything for sure I have to assume that the fantastic rises over the past weeks were primarily due to Dattels building his stake.

It would seem he has enough or has taken a breather and may people have overwhelmingly attractive profits they wish to take, good luck to them.

I note that some people are making disparaging comments about the valuations of $13 to $17 but I wonder at their intelligence.

Those valuations stand and I am adamant they are, and will prove to be, conservative. Those figures will be realised once the takeover or JV actions are brought out into the open.

No one suggested that ASX traders would take things to that level, ASX traders care not one whit for fundamental valuations, ony investors care about such things.

When (not IF) the first offers are announced then will begin the convergence of the fundamental value and the ASX share price with the ASX share price rushing upwards to catch the fundamental valuation.

Wait, don't wait, trade, don't trade, it's a personal decision all are equally valid. What is not valid is criticism of something when it is clear that an understanding is not accompanying the criticism.

To the sneering fools, If you think valuations are wrong, fine. Put up an alternative valuation with reasoning and assumptions as others have done. Before you do that you have no right to sneer at people who have done the work.