I need to ask
"Within a few months it will be at 25-30"
Is this an expression of desire or a gamble????
I have seen this stock for long, I have studied their reports and I have made some analysis on their assets and I wouldn't think that 25c or $25 are valid. IMO, the value of this stock SHOULD be something between $2 and $3 for FY09 and $5 to $7 FY10 when credit crunch becomes a memory...The 3 reasons I'm not placing my money where my mouth is: (1) I have lost enough with this one and IMO there are some other opportunities, (2) because the sentiment is so adverse that fundamentals based on NTA to value a share are hidden somewhere away from here and (3) I have my money in the satellites which offer less risk ATM.
Anyway I would love to discuss based on fundamentals more than just a gambling feeling but DYOR.
Cheers
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