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Monny

132 Posts.

33

12/06/18

13:24

Post #: 33651943
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Originally posted by sydneyguy ↑

Yeah I can understand that thought

But still believe as I have since it was 880- it shouldn’t really ever trade at such monster premium reported asset values

First it was oh in about 7 m- now after some valuations a huge 59 m and as you point out big drop in estimates cash balance

Cant see why anyone would rush in when it’s at almost double reported asset value per share now, but maybe some short covering will support trade in short term

Can’t believe professional
Managers were throwing money at it at a 600 or more premium to assets six months back- they should be embarrassed for being so reckless imo

Anyway good luck - use stops

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Couldn't agree more. What a disaster.

About time one of these ambulance chasers looked at a couple of the fundies who dropped their pants on that last capital raise!

BLA Price at posting: $1.95 Sentiment: Sell Disclosure: Not Held
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