I do agree the market is odd and difficult to predict, a large part of the problem is the amount of cash leaving the ASX. We are not the safe haven we were and cash is flowing back to point of origin. the US and EU are geting back on track.
I believe this makes it harder to read wether the market is happy or not about fair value.
Wether it is or not we have no plan B and there is not a lot of cash left in the cookie jar. A cap raising with not a lot of freeboard left makes me feel nervous.
Cheers, cab
JKA Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held