Logic has no place on the ASX.
There are several good stocks with several Gold hits,
Lithium REE's, Many Drill results,
And good tenements that have lower MC's than that....
It's all a bit of a game for the Big Banks, Brokers and Istos.
They can crush an SP if they want to stock up,
Or send it to the Moon if they want to exit.
If they have loaded up enough at a bargain price,
They will send it,
When it best suits them....
Merit, Logic, etc. need not apply.
the ASX is manipulated and controlled by these multi-billion $$$$ corporations.
It's all a game to transfer wealth from normal poorer people,
Into rich multi Billion Dollar, Banks, Instos, and Funds Pockets....
It is not a fair and level playing field.
ASX and ASIC asleep at the wheel....
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