RE: I’d like to know3 Sep 2018 18:34
I think the share price reaction at aex was very much linked to pi's (as ever) always over valuing the farm out. It is a rampers paradise.
My own estimate which I thought was pretty much marked to market was still 50% over valued and far and away the nearest accurate valuation, by multiples! A lot of posters on there ridiculed me for such a miserly estimation and when you have so much blinkered optimism then share price swings can happen very quickly.
Edgar mentioned aex share price reaction to 'farm ins' which I certainly saw a 'comparison' in that he felt may be the sane could happen here and whilst it is true pi's do over estimate assets worth, to be clear, the mgt here are in a completely different universe and I would not expect there to be anywhere near the same type of share price reaction to whatever they come up with.
I would not be surprised to see a positive reaction as opposed to the 50%+ drop at aex, since the news of farm in, was first brought to market attention. Hence I am pretty fully loaded here but have further funds to invest which I think will be at a higher price than now NOT lower, all imho of course and best of luck all.