Thats a good way of looking at it , mentally I treat TDC as a private company, or looked at another way its a binary bet, its either worth 0 or 100's of millions, anything else in between is noise
There are so many companies out there that maybe new money has gravitated to companies further up the food chain , which is ok. I remember one company I bought In Oct Metanor, it was being valued as if its ready made mine facility did not exist and to be honest it has still not jumped out of the gates. There is obviously lots of value out there