In these dull periods I use some quirky stats to keep me motivated. If you have followed the narrative on this thread re the comparison with BMN deposits and s/p and believe a smidgen that it’s correct you may ask yourself has ACB been oversold?
Currently. ACB. 11.5c. BMN. 32 c. Around 36%. At a high of ACB 19c we were around just over 50 % of Bmn valuation by my calculations only.
Since the high of 19 c we have retreated around 40%.
Since a high of 42 c. BMN. Has only retreated around 24%.
ACB s/p has stabilised at 11.5c as has the pou at $46.
However when the pou strikes above $50 again I personally will be surprised and disappointed if we are still at 11.5c. , action or no action on the ground.
my querky view only. As always DYOR
ACB Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
