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5,865 Posts.

245

13/10/22

11:35

Post #: 64177015
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Originally posted by sjlittle ↑

I dont see any need to give the company away cheap just because there's fear in the market. In a couple of years they will be >$200m revenue and probably a profit of $30-40m & continuing to increase. Should see the price up around $10+ at that point & once the market fear has subsided. Discount that back & id say $6.10 would be fair but would still personally want more. Looking at the major holders I'm not sure they would bail without significant reimbursement - they would all share the long term view.

Also a good short term opportunity. Might drop back to $2.50 if there's no offer but there's plenty of upside if a bid comes through. Topping up.

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Agreed... granted I may be wrong... but this appears to be more so a situation of "we're open to it, but on our terms"... who. knows.

ELO Price at posting: $2.93 Sentiment: Buy Disclosure: Held
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