RE: Basically,27 Oct 2022 12:15
Although your analysis has some merit simple…
You forget the fact that there an awful lot of companies out there peddling a great idea of promise, milking shareholders money, not fulfilling the sales pitch but still have stupid valuations now you could argue people believe in the bull**** that they are peddling and that is potential which is value!?
Regardless of the one well we are generating cash no debt show me how many companies with massive valuations are not normally leveraged, at least 30% of market cap… and as you said, we are virtually at cash value but unlike others we can invest that … with a clean balance sheet, even leverage , if the right opportunity that generates cast comes along.! Not a bad place to be in the down side is negligible sitting at cash value and increasing after ever lift! The upside is far greater than the downside…