Retail investors can never move markets beyond a point - its the funds and high net worth investors which do that. They buy for a longish term based on valuations today (to decide if the price they are paying is right) and for a gain on the perceived valuation in the long terms.
using the KISS principle and keeping valuations very simple
500M in the bank now and 500M or thereof shares on issue. So atleast $1 per share if the company wound up today.
Everything else , royalties, tentaments, technology, etc - is it only $1 more ? Nope it is definitely more than that - even with the most pessimistic of estimates.
Thats what a fund would see for a fair price at the moment - Volumes are still HUGE - someone is definitely buying because these prices are attractive based on even the simplest and dumbest of valuations.
Retail investors should see it the same way.
Not upramping or anything - but putting things SIMPLE.
DYOR
LNC Price at posting:
$1.89 Sentiment: Buy Disclosure: Held
