If the tenements are granted and the potential of the tenements is realised, then on the basis of peer comparison this stock is undervalued - even at the 30c level.
I think the market should be allowed to determine fair value. At the moment people are starting to call shenanigans on this one because it seems that the chosen few have a good idea on what the fair value is. Also, it seems the SP will effectively be capped at well under fair value in order to grant director options and place to "sophisticated investors".
Sentiment - Not Happy Jan!!! 2 days till EGM and all I know is that I'm not in the know!!!
I'll post up a peer comparison tomorrow morning GMT but I'm going to paint the town red now. Man U we love U!!!
CDS
comdek limited.
If the tenements are granted and the potential of the tenements...
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