well some here have me blocked, but as I've repeatedly said - I can't see anything in this company that justifies the current valuation.
IMO it should be up there with the doe eyed IPOs at around $20m. maybe a little more for a proven resource (that may not be able to be extracted...).
unless there's substantial news in the coming days/weeks I'd say the pain will continue unabated.
and I'm not talking about pie in the sky, grand ambitions (which the current market couldn't care less about), I mean real material news.
and then there is, ofc, the issue of the drying coffers.
having said all this, I bought a little last week. on the optimistic view that the company might be going to shed alpha. which will put money in the kitty, and IMO massively simplify any goethetmal plans
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