Since when is the market a good measure of progress. Lithium was insanely overvalued for over 12 months, many stocks are incredibly undervalued compared to progress.
Even take AVZ, was it a bad stock because the market hadnt picked it up at 200m? when i held it it pumped at least 300% without any real news, it was literally just hype and the market picking up on how undervalued it was.
Investors and especially institutional investors are not looking in this space, they arent exploring opportunities and I'd argue in this market cap range the share price really means absolutely nothing. If it funds we will be multiple dollars in future, if the tech project fails we will lose 80% instantly.
Whether idiots buy or sell means nothing at all. Instos bought above 20c, did that make it a good trade? .....
Since when is the market a good measure of progress. Lithium was...
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