1. Money - the average Australian mortgage has increased by what, 20%-30% since pandemic lows? Not including the newer mortgages taken out in the pandemic which are far higher. This has a strong impact on retail investors capacity to invest in such risky speculative assets.
2. Timing - IHL has posted all it's milestones and their expected timelines, you know what to expect and when from this stock.
3. Risk tolerance - 3 years ago my bank offered a 0.9% pa on term deposits, they now offer 4.5% pa. Now combine that with timing of IHL's milestones + the overall market, the average investor is happier to let that money sit comfortably and wait for rates to settle down and enter a new bull market, as opposed to hold risky assets as they travel sideways.
lets see what happens when we reach the NASDAQ, two outcomes
A. We will be right, the ASX doesn't know how to value IHL and we soar
B. We were wrong, IHL remains at the same valuation or less.
either way, there's no reason to debate the validity of our relative performance on the ASX VS other markets, because in a few months time we will know indefinitely which sentiment prevails.
good luck mate
IHL Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
