This post exemplifies what is wrong with the average HotCopper user. You ignore sensible critique when you hear it, and only much later do you then try to claim people are just talking with the benefit of hindsight.
I was a fairly lone voice on Twitter back when this thing was pumping, saying it was horribly overvalued. I first posted about it on HC in May 2022 (here: https://hotcopper.com.au/posts/61575580/single) when the hopeless NAL PFS came out and the threads were all high-fiving each other at $0.235 and talking about a massive re-rate etc. I have since followed up with more detail about what was wrong with the project and the valuation.
Don’t mistake foresight for hindsight, just because you ignored the foresight…
Intentionally Pushing Down Price, page-36
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