Mate, they first put this valuation out over a year ago, when the share price was about much higher than it is now. The share price plummeted to $2ish dollars AFTER this valuation; having caused many unsuspecting investors to buy in to the stock BECAUSE of the high valuation. We all want the share price higher, but sharing these sorts of valuations continuously just plays in to the shorters’ hands and allows another pump and dump while unsuspecting investors get pummeled. The share price will rise when the deals start coming through. I am once such sucker who got enticed by the high sp valuation, and I don’t want other people to be duped in to buying something that absolutely should reach those all time highs again; but may take a lot longer to do so.
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- Pitt Street Research Valuation of $9.56 per share
Mate, they first put this valuation out over a year ago, when...
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