I think for many investors /traders in this space the SP is taken as a proxy form business health, however know in a micro cap a few traders can move the market cap by millions
I think the piece many have forgotten is this, the management fees for the carbon credit management is significant and locked until 2027 and importantly contrary to what some seems to have suggested here 1ag is not exposed to the risk , I quote from last announcement . the key is where all production, pricing and scheme risk is taken by the client
"Alterra has existing contracts in Australia out till 2027 which generate circa $2.7 million per annum of
management fees, against blue chip counter parties, where all production, pricing and scheme risk is taken by the
client."