Takeover Target?, page-17

It is easy to think the company is worth X based on different valuations but market has never valued it as such - I'd take a $500M valuation in a heart beat from where it currently is sitting... Attached almost 4% secured by related parties to an exploration shell and that is just on the T20... That was all sub $150M market cap accumulation and easily to continue to accumulate at these levels.

I reckon you could scoop up another 25M-50 shares under 20c with the current churn easily which could take this up around 10-20% holdings.
It is just a risk that these "undervalued" companies have for corp take overs 249D only requires 5%.

TBH I don't care how the company grows and who leads it as long as I am making money and so far the SP performance for this sort of investing has been mediocre.