Its funny to see the share price climbing so fast - on the back of no share trader ramp, insto pump or even price sensitive announcement... shows how conservatively priced AFT must be? (for a non price sensitive announcement to send the share price up over 6% - in fact this announcement was signaled a while back...)
Imagine what will happen when there is insto's on board... hartley probably won't sell out till 5 bucks + so free float won't increase much prior to then (CRG might sell out prior? but this would be only 13% or so increase in free float)... so assuming insto's and sharetrader and Mr Market in general will continue to largely ignore AFT till the free float increases, rather than buy now at $3.40 ish (or back in April at $1.70), I suppose Mr Market etc will wait for another year or two for the share price to get to $5+ (and then have the free float increase, hypothetically speaking) and then will buy in?
With positive operating cash flows and NPAT, I'm happy to wait... will be $10 in about 4-5 years from now they say and I'm happy to wait till then as well.... if I get a chance and it isn't taken over at $7 in 3-4 years time, but then again doubling one's money in a 3-4 year time frame wouldn't be a terrible outcome either I suppose.
Last edited by trader_jackson; 05-12-2019 at 09:26 PM.
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