Speculation and hype perhaps over inflated price so in other words was way ahead of reality...lf you are new to the market over time you will see this often
Currently you have a graphite play next to a big mcap so usually allow between 6 to 12mill stand alone plus upside...currently you are paying around 17mill for the ruby play which is missing plenty info that l believe should be normal practise for any public listed company
These are my thoughts as to whether buying or not cant really help as only you know what you are trying to achieve and timeframes you have to achieve them in....
I would really use this as a lesson to see how risky market is and how important it is to be level headed as market cap grows....l sort of see in this case people where assuming they had 20mill plus in stock(l think anyway)and l do believe if certain info was disclosed using asx announcements clarification is needed cause things dont vanish
Sentiment sometimes at its lowest rewards buying but being new to market might pay to watch from sidelines as a free learning lesson for future trades..investments etc
Good luck with it and be careful its very easy to lose plenty at the start of your journey
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