Interesting point you make about valuation on fundamentals...

Interesting point you make about valuation on fundamentals @asb83. It seems your comment is weighted towards cash run way than business performance. Would that be correct? In my experience, it seems many participants are more concerned about dilution than the growth of a business, especially one that has product/market fit, and is scaling revenue.

But for companies that are still yet to prove their business models will generate revenue, of which there are many on the ASX as it is being used/marketed as a proxy for VC in Australia, many of the same people are happy to turn a blind eye and value based on the blue sky/potential for takeout Not directed at you, just an observation).

I suppose that's the great thing about a market, share price doesn't move without two parties having divergent opinions/motivations! And one of the reasons this website exists!