So massively undervalued, page-4

Let’s be clear, that is not a report by Goldman Sachs.  It’s probably written in someone’s basement.  Agree we are in a much better position than FV but the hard work is convincing the market.  That’s why a placement through a different broker would have been good, increases the exposure to other investors.  

Would like to see some research from PAC partners and Pattos.  I suspect PAC partners have dialled down their expectations post cap raising. There has been no market support from these two post cap raising either which is a sign demand for the cap raising was weak.