You guys are dreamers. Once the deal is struck, it will be too late for you to invest. It will go into a trading halt and massively gap up. Pay > 20-30c if that tickles your fancy but I much prefer to invest at these prices and enjoy the upside potential of a deal AND development!
Sure analytically you could value the company sub 1c, you could also value the company > $1. If you value companies solely on fundamentals and cash flow, most stocks on the ASX will be worth nothing. You need to price in a bit of potential. In PSY's case, they have huge potential and should be accounted for appropriately.
I'm stunned at the number of non-holders that continue to down ramp. I get you guys are annoyed you constantly miss the boat but for God's sake, grab your balls and just buy some already so that I dont have to constantly hear your dribble.
DYOR.
PSY Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
