We shouldn’t lead assumptions about the 3D seismic results from the price action. By example, IVZ panic dumped well over 50% leading up to its results in November and then on release increased 2-3x over a few days. Not saying that will happen here - we already know the results are good and we aren’t expecting any eureka surprises.
What we are seeing is likely the ebbs and flows of trading and profit taking/derisking. It isn’t uncommon to see in the lead up to results.
At this market cap, the enterprise value of the company is extremely undervalued considering the amount of current and contingent cashflow plus cash at bank.
Very comfortable sitting and watching for now at a 24M market cap. Expecting instos to push for another round of accumulation in the mid to high teens leading up to results late March.
DYOR, enjoy the ride and stick to your game plans! AIMO
We shouldn’t lead assumptions about the 3D seismic results from...
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| No. | Vol. | Price($) |
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