So 10c you say, (MC at half of where cash + PWM), will take for punters, existing longs to see the ridiculous has been stretched too far? Because what they are gambling on then, at what point does that well of insanity dry up. ?
Imagine pairing that against a trading halt, with a strategic or corporate on the other side.
There is probably no worse feeling than of watching the destruction of paper value, than to exit and what then a bet come home to roost, and the sunshine beacon. How do you tell the grand kids about that, selling at say half cash backing, and then it got taken over or a strategic bet came good, and it was the foxes who cleaned up.
Thats a pretty sick feeling on the bench, if that train pulls away.
WR1 Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
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