Spot on Kota! The biggest issue with ANW is management are the worst for giving positive statements that fail to come to fruition. They just missed yet another one which was a second bite of the cherry for Taronga in recent times....first it was targeting end of 2018 and then June 2019.
The issue is Pongo not what its worth today but what its worth tomorrow! The market is looking at the foreseeable future and expecting ANW to continue to back peddle as they have done for years...this is opposed to the market expecting a stock to continue to grow into the future and giving a positive forwarding looking valuation.
Here lies the opportunity but as always comes with risk...if they can change the rhetoric and market sentiment It is very easy to see 2c and beyond with the assets and the stage they are at.
How do they do that? They can start by stop making targets they aren't able to achieve or better yet start achieving the targets!
all imo
ANW Price at posting:
0.9¢ Sentiment: Buy Disclosure: Not Held
