Ummmm. I'll have a crack at this one.
Maybe SP is where it is because the company is still a start up and the market cap already builds in all the premium it should, based on current and foreseeable profits.
Execution risk remains high as does regulatory risk.
I happily buy on dips but expect Au8 to take at least another 9 to 18 months to establish its business model.
Management have 0 years of experience in managing a public company. That is already evident in their totally botched CR earlier this year.
Can anyone tell me why?, page-2
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