Short Squeeze

Wow! What a day.
We knew it was happening.
Another $280m USD in the bank from an asset which none of us knew about except Thesi!

This $280m USD equates to $1 per share!
Wow, Great news!
We knew it was coming.
Ok, so we should get a good rise when we start trading again.

But wait, we will then have $500m AUD in CASH in the bank.
And we will only have a market cap of $1.2b AUD??
So The market is only valuing Mt. Caitlin at $700m when it is earning $150m a year in profit.
So we are trading at 5x PE!
Normally I would say we are ripe to be taken over except it would be very hard because of our shareholder spread of shares.
BUT WAIT THERE IS MORE!!
We have SDV with a value of approx $2b USD and James Bay worth a similar amount in my opinion.
So to break it down we have company with approx $4.7b AUD in Hardcore assets, $500m AUD cash and $150m AUD
coming in every 12 months!
And the market values us at $1.2b AUD.
Give me a break!!
Let the games begin!
Watch this space.
Burn Shorters Burn!