As i mentiomed earlier, $1billion valuation for a company that...

As i mentiomed earlier, $1billion valuation for a company that is earning $100m per annum is really cheap.
Assuming 4cents divvy for 50 years.
The market only wants to see a constant divvy to be able to fully valuate it.

The price should of never reached below 10cents pre-privatisation, but that is share market and can not control it.

I have seen stocks that have grown about 2000 fold before any earning release, just based on speculation.

In addition to that, most stocks trade at around 30-40 PE before they face correction. Based on that, we are looking at around $1.5-$2.0
Call me mad, but that what my experience tells me.

Going private, was more likely Palinghurst strategy to get a free mine, but it looks like it has failed. Thanks to the director that bought 20m shares just before going private. I had a huge confidence in him.