Insane reality5 Feb 2025 08:17
There is no sane rationale for the sp/Mcap of Greatland, no one, past or present could justify this valuation.
Our Mcap right now is $1.25 Billion or £1 Billion. Yet we have $1.2 Billion after processing costs, of gold and copper sitting at surface.
So, according to Mr Spiv, we have the entire value of the company and all of its assets, plus this $1.2 Billion stockpile sitting there, just waiting to be cashed, for all to see. Even the market knows it's there.
That means the market are valuing us at the current above ground asset value.
If that is not irrational, illogical or even bordering on illegal, then what is?
Such misalignment reflects how poor and broken the Aim market is and clearly demonstrates that Aim is NOT fit for purpose. They are showing zero correlation of value with company fundamentals.