the old management put all their eggs in the one basket, and that basket was DSO, the price of FE 62% fell from 150 USD all the way 80 USD, they had no other progress in terms of any of the other revenues which I have on the post above. secondly the top20 at the time had what some deemed as nefarious or unscrupulous characters,
this is also why we are seeing a re rate this is so substantial and will likely continue well into the 10s and beyond.
the market ignored the fact that we had Neil Goodman on board and they ignored all the progress until it was no longer deniable, and that is why you're seeing such a large rise
to put in short, the 20c it hit back in 2021 was likely its true value, and during a bull market, and an iron bull market at that. in short collapse of iron ore pricing.
you're the second person to say it's weird they didn't post the T20 with annual report, that is not weird at all, just email them, they'll give it to you, and you can go through the T20 one by one, and you'll see it's all people you want to see.
should the share price have ever falling as low as it did?
that should be the real question!! and the answer is no, but hey, for those of us who picked up millions of shares at 2-3c are all laughing, and so will anyone picking up anything below 10c
you'll see over the next 6 months, I don't have to convince you or anyone else that we are moving well north of 40c in the short distance future, the big fish are finally moving in. take a look at the broker data.
we havnt even listed on the Nasdaq or NYSE which is also being scheduled, you would never ever see this company below 15c if it was on a reputable American exchange, but here we are, lucky as hell because investors on the ASX lack the ability to properly research and evaluate companies and seem to only ask surface level questions because they like to jump in and out of high risk explorers.
I apologise for the long write ups, but I take this seriously, this isn't a punt for me, and I do regard myself as a serious investor.
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