PharmAust General Update - Kicking goals, page-29

I read this and I think it relates to how I view the market and how it reacts to PAA updates where I see platinum value but the market reacts like it is brown coal tailings.

A father said to his daughter “You have graduated with honors, here is a car I bought many years ago. It is pretty old now. But before I give it to you, take it to the used car lot downtown and tell them I want to sell it and see how much they offer you for it.”The daughter went to the used car lot, returned to her father and said, “They offered me $1,000 because the said it looks pretty worn out.”The father said, now “Take it to the pawn shop.” The daughter went to the pawn shop, returned to her father and said,”The pawn shop offered only $100 because it is an old car.”The father asked his daughter to go to a car club now and show them the car. The daughter then took the car to the club, returned and told her father,” Some people in the club offered $100,000 for it because it’s a Nissan Skyline R34, it's an iconic car and sought by many collectors”Now the father said this to his daughter, “The right place values you the right way,” If you are not valued, do not be angry, it means you are in the wrong place. Those who know your value are those who appreciate you......Never stay in a place where no one sees your value.

So convincing punters on the ASX as compared to convincing Pharma juggernaut, regulators and grant awarding folks may well be differing in importance to delivering best value for we the unwashed holders and faithful. (And I am not a fan of Nissan skylines)