On the contrary, he believes we're currently 60% of EV, so we're currently 60% of what he believes we are worth.
His main point is there are other companies with better discounts to EV.
I suppose the counter argument is, do these other companies have better opportunities to significantly increase their stable of products. If not, then although a discount, their value is essentially set(in his example I don't know if it is or not, haven't looked into it). Wrt ADN, it's been trading at a higher premium for the opportunities it presents.
Effectively, people are taking a calculated risk that these opportunities will come to fruition. The thrill of speculative shares; being right or wrong.
General comments/chat, page-25347
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Last
0.8¢ |
Change
-0.001(5.88%) |
Mkt cap ! $27.42M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.8¢ | $176.1K | 22.01M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 61 | 21751321 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 5295694 | 3 |
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| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| ADN (ASX) Chart |