Hope your back in see weed?!
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At what point doe this get silly - up 14c today.
Here I was Friday thinking it was going to take a breather at $0.99 and consolidate there for a while.
Sellers side is dry as. Wish I'd filled my boots more at 50c but hindsight and liquid money is a wonderful thing.
I think at this levels people should be careful...aussie speculators are running the price. SML makes formula for ATM.
I'm no longer a holder but if I was I would be selling right about now. I like the product, I like the company, I like the vision but I can't imagine how much milk they will need to sell to support this valuation.
Was about to say current share price values the company at $884m, but then saw the share price has gone to $1.27 so means $912m. Or about 28% more than Friday, on a company with a forecast operating EBITDA of $12m.
But it is really about the growth story and the technology - what is it worth to someone. Only going to get more expensive to take them out.
Just wish they'd had a bigger public pool at 68c! :t_down:
Just sold my holding as well.
53% return on 6 months of holding not bad at all.
*edit* compared Market cap, earnings and growth to SUM and HNZ similar size companies but much larger earnings both with good growth ahead.
there may be a bit of Xero/Tesla factor in ATM though.