Re: LWLG
posted on
Jun 18, 2021 09:51PM
Lumenge, I completely agree with TM on what the valuation of this company should be at this point in time and I am certainly in the vast majority of people here who wish the share price was building a base at a much higher price above $1.
But that does not change the realities of the market. It is as simple as supply and demand. There is an abundance of overweight positions that are in the money and new buyers know this and are using it to slowly accumulate. It is what I would do if I was a new buyer. All in IMO.
But one thing I think we should all be able to agree on I think is that management have put a big effort into getting the OFC launch right. And I think this is going to pay off. Could the immediate end result in terms of current price be a whole lot better? Of course. There is no argument on this from me but I am not going to stew about it. I have rationalised the reasons why and I am satisfied with my conclusions.