Agreed...but it doesn't mean their share price won't do well on the back of the whole sector doing well.
my approach is to evaluate the management on whether they have the necessary skillset and track record.
For example, FFX hiring ex GXY boss is a huge endorsement for me. GXY was the first to go spot price whilst all of the others were locked into loss making off take deals.
Worth looking at how these 2 and Galen get execute.
Ann: Results of Third BMX Auction, page-87
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