Fair point Ollie if including leverage
However this guy started promoting as a short at 1.50 and it went to 5.50 so if he was using leverage he has completely blown up
If you apply traditional fundamentals sure you can't justify the price
you need to take a view on what they will or won't achieve over the coming years
It's impossible to write them off yet as they are only 1 month in to the delivering of the new revenue model
As for the share price that's another story , maybe it's cheap , maybe it's expensive , time will tell
But people should state there personal view and assumptions not make things up for self gratification
Hot copper won't have any affect on the price of this stock, it's held mostly by founders , hedge funds and institutions
Unlike Reffind which sadly really copped it as the shareholder base was nearly all founders and retail
Good
Luck
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