"I'm sure there was people on RNU in 2019-2020 for years asking...

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Paul7890

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29/05/23

14:51

Post #: 68016830
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Originally posted by setfire2thehive: ↑

I've learned that the market doesn't instantly value projects the same as i do just because I hold it.
It's easy to own something forward look at the value and go WTH why doesn't this move!!

If your assessment is correct and the value is there, eventually at some point the market catches up - and then you often reflect and go - yeh that was really obviously that the company was undervalued.

Most people when i speak to them about graphite had never even heard of ITM - now more people have but simply aren't investing because the price isn't moving. That's the extent of the logic. They're awaiting on the market to tell them it's worth something as opposed to doing the DD and understanding it themselves. It's why you often see people willing to chase stocks up.

Secondly, If you look at HC views on the announcement 6,000 today so far. Compare this to other darling on the market. LLL has 26,000 on one today, HCH 12,000. So there is a lot more investors watching/holding other stocks. so there's an element here that not many people actually know or are looking at ITM. Todays announcement may be a small spark to correcting that because it's the most i've seen on here for an announcement.

I'm sure there was people on RNU in 2019-2020 for years asking what the market was missing. Eventually market caught up and 10-20 bags later here they are.

I'm not too concerned - parking money here sucks, but you never really know when/if the market will re-rate. I've got a solid position now that i could not have got buying on market in a short period. So for larger investors wanting in - it's going to push the price.

SF2TH

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"I'm sure there was people on RNU in 2019-2020 for years asking what the market was missing. "

Hey its me!

Completely agree, graphite stocks on the ASX are notoriously slow movers. One day graphite stocks will be all the rage, still waiting for that day.

ITM Price at posting: 24.0¢ Sentiment: None Disclosure: Not Held
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