I'm just curious that you have CAP as grossly undervalued and a...

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06/06/21

14:21

Post #: 53676466
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Originally posted by pygmyhipppo: ↑

I'm a bit reluctant to go for a really optimistic timeline. Also deliberately taking a slightly contrarian view for your consideration. In my experience, these things can take a bit of time. My guess:
Non-binding MoU for Offtake by 28 August, binding offtake by 25 October, both with Mitsui.
SP before offtake: 11.5c, SP after offtake 18c, pure uneducated guesses.
I think that expectations for swift success are high at the moment, and if things should take a bit longer, this can turn to bitter disappointment very quickly if the crowd looking for quick megabucks runs out of patience and moves on, seen it many times.
I also think that undervalued companies can stay undervalued for a long time, even in the face of mounting evidence that they deserve a re-rating.
Having said all that, I also think that this company is grossly undervalued and it is a strong buy for me.
Remember the old adage that in the short term, the share market is a voting machine, but in the long term it is a weighing machine.
Ultimately I think the re-rating will come and CAP will at least catch up with its peers. I just think it may take a bit longer.
All IMO, no advice.

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I'm just curious that you have CAP as grossly undervalued and a strong buy for you but you have a price target before offtake by 28 Aug of 11.5c and after offtake at 18c.

How do you account for your grossly undervalued and strong buy opinion when you think it's going to be heading down to 11.5c?

Mate, it don't make sense. I'm speculating you're interested in a cheap entry price. Best to pay up according to your grossly undervalued and strong buy opinion. Imho

CAP Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

3 Great analysis

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I'm just curious that you have CAP as grossly undervalued and a...

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