but if this is THE MOST undervalued company on the ASX you would...

but if this is THE MOST undervalued company on the ASX you would own it... If you thought there was company more undervalued than NGF (such that you preferentially owned that company to NGF) at 18.5 cps, now at 27cps that company is significantly undervalued compared to NGF.

If I, as an investor with no allegiance to any one company can move my money from NGF (that has made a nice short term gain) into another just as undervalued goldie I can then catch the long term run up of goldie number two after placing my short term gains from NGF into that company. Due to the imbalance of timing between the respective companies re-rating I'll catch a portion of the run up of NGF and catch the entire run up of goldie number 2.

To think that NGF is the ONLY undervalued goldie on the ASX is a bit rich imo.