I remember very well ongoing discussions within the Gxy forum about who would reach $1 first PLS or GXY. Both where under 20c at the time.
fast track 5 years and one hell of a market depression, and PLS at $3.31 and GXY Equivalent $1.05.
AkE $9.23 (x 0.569) then Divide by 5 for pre consolidation.
it really is hard to mentally process the discrepancy int he two market caps. It’s as if Gxy assets are not being valued in AKE at all.
the level manipulation on this stock over the past couple of years has simply been incredible. How ASIC sit back and allow this to take place in open “transparent” markets is simply astonishing.
if ALB are going to have a swipe at us, IMO it will be prior to their quarterly on the 17th feb. they will have an impressive set of numbers with an even more mouth watering outlook. The sector should run off this after being belted down due to interest rates that have not moved, go figure.
the progress unfortunately for AKE has been too slow (largely due to the Arg government it seems) and in this red hot sector a market cap of $5b aud ain’t going to cut it IMO.
not advice
AKE Price at posting:
$9.23 Sentiment: Buy Disclosure: Held
