Possibly correct although this is the instance we're you must...

Possibly correct although this is the instance we're you must look at fa and ta together, management have stated the conversion rates are expected to continue to the lse.

With that point the less shares available to market acts as a catalyst to continuing momentum, under other circumstances as I said I could probably agree with your theory and it still may play out but not sure the 50's will be a target. But as I stated the point made by management is too limit tradable shares on the asx, this imo is driving the growth.

Looking at both ta and fa, it's still heavily much favoured towards further highs imo of course.