What are the options worth if we will never be valued correctly? Simple fact is the options are either worth zero or multiples of $1. The market can't value them. There's only been one buyer in the last 90 days.
Where exactly are you plucking 22c from?
Why would someone sell a share they just bought to keep an out of the money option? If they think the option carries any value at all then the share is worth >150%.
Day to day share price is being determined by the couple of yahoos who need a buck for their next hot stock to get into. Quite rightly trading a strong trend to be fair.
Thankfully with a few issues we've added some liquidity but it's still near impossible to get out and back in if you think / care you have 4c to make. 47% of our stock is held by t20... a figure which is understated because it doesn't account for multiple holding entities.
We will be valued by a steel producer and most likely a battery producer for our ultra high grade in the coming 2 months. Forget about relative valuation for now, it only matters to traders. Our only peer has shifted focus to the extreme northern end of their strike, virtually adjoining our (soon to be formally expanded) central pit. They're drilling for bulk samples approx 4 months behind us. Stand by for relative valuation to be tipped on its head.
TMT Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held