Just had a look on (hotcopper page’s top right) TIE mkt cap today is at $398.3 million. I think this figure is included yesterday allotted new 96 million shares in calculation: that is 829.9 million shares x $0.48 = 398.35 million. Assuming we have more than over $100 million cash on hand, so in EV term, market placed on company is less than $300 million, selling is very harsh, in my view. As other poster mentioned if there was no any bad news in material, the selling down is not justified anyway this is the share market.
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