@newbieinvestorGents,I completely agree with your take on the...

@newbieinvestor

Gents,

I completely agree with your take on the conflict of interest present in regards to the Hartleys report. By no means would I consider their valuation gospel but for the purpose of providing our new friend Investor^Pro with an introduction to company valuation, it is a reasonable starting point. But you two are completey correct (and i should have mentioned it myself) in saying that there is something off about a brokerage house that issues a buy recommendation and then proceeds to slam the stock with the Clarkes shares. To play devils advicate, Hartleys can hardly deny the request to sell shares if a client demands them to. With that in mind their valuation is a tad more credible (big emphasis on 'tad'). If I recall correctly their report issued in June last year had a 12 month sp target of 0.037, one could argue that without the Clarkes slamming this stock at every opportunity it could easily be there by now never mind in 2 months time. All that being said, I dont think you need 50 page report to see the gap in fundamental value and the current SP. I have been accummulating at the 2c mark as I firmly believe that us long term holders will have our day. Cheers Sum (HC wont let me line down anymore for some reason. apologies for the wall of text)