RE: Bushveld Valuation29 Jul 2020 19:26
Well said IntroV. Trying to force phoney valuations to match the MCap is a fools errand, however you skin this particularly rabid cat. It actually is worse than that because any breakdown in this manner inadvertently becomes a narrative that attempts to legitimise or explain/justify this clearly undervalued share price too.
Not once in the last few years have we been even remotely close to current levels except for during Covid 19. Suddenly we are worth 50% less than we were before, despite coming out of lockdown and hitting what may well prove to be record production levels, from the world's best V assets, with rising V prices, at a time when the world is accelerating its adoption of renewables like no other time in history.
Aim and its MM's are the issue here not Bushveld. For a market that is supposed to incubate and support blossoming young-ish companies it is quite simply doing a terrible job.