The PE saga continues unabated! If RISC expectations are anything to go by, of coarse this will take longer than expected. Unless your expectations expected expectations to endlessly drift East. Despite being extremely excited about all things FAR, I remain very pessimistic about PE. Besides being a counterweight to Share Price lift, has ANYBODY considered the fact winning PE may be a further drag on share price?
I understand the barrels and percentage points arguments. But show me one single occasion when seemingly good news is followed by a share price spike? The only reason I look forward to owning more of SNE is to watch the share price deflate on funding uncertainty so I can BUY MORE SHARES. Same as I just did when price dropped on Gambia JV news.
PE will continue to be an unsubstantiated brake on FAR shares appreciating or any left field take-over potential. We have no option but to be patient, look long, anticipate good news, accumulate and read HotCopper. Oh yeah and try to forget PE, please I beg you all.
Taking bets: at least 10 people on this thread will turn 50 between now and a PE result
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