RE:RE:RE:RE:RE:ShakeoutResource value is relatively objective, company value is subjective, based on
- resource value
- belief the company can develop the resource
The 'market' is pretending there' uncertainty right now and that this justifies valuing the company lower. Maybe the 'market' is right, probably not, but these are not nice guys with your best interest at heart, so playing their stupid game is a bad idea. Let them play their stupid games and when it starts to get actually dangerous for them then they'll cut it out, and that's the bottom price. But that could easily be 2.40 (first really decent support) 2.25, or lower if the world economy suddenly breaks down like in 2008.
I will be happy to take shares off 'the market's' hands, when they're done with their oh-so-clever discounting. Weasels.