Hey Mate, we are meant to buy when the sentiment is poor. That's how you make money. APT at $8? It had poor sentiment. When it bounced to $20,30,40 etc, people kept saying its over priced, poor sentiment. At any of those points, it would've been a great idea to buy.
Plenty of other stocks on the ASX that are on an exponential upward trajectory. The train hasn't left the station for this one yet.
Think of it this way:
-Cashed up after this raise
-will rid itself of debt
-pre-established industry footprint
-transformation strategy
-low valuation at current prices
-operating in a hot sector
What is the con?
-Price is not behaving the way you would like.
It'll get there. And if it doesn't, its definitely not going bankrupt with its fortified balance sheet after the cap raise.
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