Hi Quester,
"On nameplate and cost of production to the current IO price being just under $140 AUD, this company is still way under valued."
I Definitely agree. However, sometimes the sharemarket price does not respond as quick as what the actual fact is but takes into consideration on many factors involving news, retail and those b^^%$%$* investors. Tht's probably why we saw the easing in price now after the jump.
It really depends on what kind of investor are you to take profit.
" would hate to go short at this time"
Really depend how good are you at timing the market and taking profit or stop loss.
I'm not going short. I basically bought at .135 and sold some at .165. Keeping it most of it for the next good news in hope of no bad luck.
DYOR. My comment is NOT financial advice
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