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This really made my sunday, "The Analyst" advise institutional and high net worth individuals. They initiated the short attack and are now saying the business is sound with no further downside. You have to think that institutions and pi who like the stock but were sitting on the fence will now be in a rush to buy, those short will unwind. We needed a catalyst to get through 200-205p next week and I believe this is it.
They will have been snapped up already, question is what does the market take from this? We know plenty of large players have been buyers recently, blackrock have been the only sellers. For me getting them gone and the stock I to strong hands is a positive but I think it will be regarded as neutral.
Senx isn't the only company being sold down to ridiculous levels there are quite a few. The market is totally irrational right now, that will change. Just have to be patient and the tide will turn.
Double, if they ramp up production then easily double again.
Certainly is, if you apply traditional value metrics this will have a great day but I won't get too excited just yet.
Now debt free and an annualised ebita close to ten million gbp, think your being a bit harsh bear in mind the mcap is 23m!