Originally Posted by
winner69
That tone / sentiment has changed in the last day or two eh Bal
Short termers see it as a way to make a buck (maybe not that much but you get what I mean eh) over the next few weeks and no doubt some serious investors are seeing now as a buy opportunity
Yes, the tone of the market is important.
I remember 10 years or so an outfit called Baycorp was trading at 20 times sales. Absolutely ridiculous but some silly Aussie outfit paid a premium to buy it. (There is always a greater fool eh). Maybe current silence from PEB because a few hanging around the place working out how much to pay. I'd take $1.20 at he moment