ARL chart, page-1708

Trading view’s objective SP based graphic, not mine. Based on that have held up the best, as the chart says- not me.

Market cap? No offence intended but that’s what is called a straw man- applying what is said about one thing to another thing completely to support/refute the original conclusion.

Of course the conclusion is incorrect when applied to something entirely different.

Me: Most ppl don’t speak English in Australia’.
Buddy: ‘Yeah but they don’t in China!’
Me: ‘Ooooookaaaaaaay’.

We are undervalued, comparatively speaking, because one friend has some income from its water business & has taken on a partner ( 20? % sale to bring in some cash- a realistic approach which has rightly been supported ), & another friend has been spruking it’s partnership to any and all who will listen- dazzling the crowd with shiny numbers.

Cheers for the reply & just having a bit of fun as I don’t get to bring up the straw man very often- although it does also cover Steve’s thoughts- applying Heron’s position in 2014 to today. It makes no sense & has no relevance at all when we peel back the cover, as others have & will note.

’You're crap in 2019... if I use this 2014 reference as if it still applies to today!’