Looking Forward, page-23

I think confidence amongst investors is just fine.

The last few years has seen a recalibration of investors expectations, from an optimistic reflection of how business is generally conducted in typical western economies through to the excruciating reality of how business is done in India.

In the share price, this is evidenced by the lack of reaction to seemingly positive announcements, something I attribute to better educated investors. While announcements are positive, the fact we are working in India means that there is still a long wait. However don't think that all the positives won't crystallise. Once we hit the long awaited catalyst, all the positives will be realised (e.g., the increased brevet facility).

So to say confidence is at a all time low is very pessimistic and in my opinion, not true. This beast of a thing has a long way to go and as investors know, it's a slow mover. That said, it is still moving forward and this is where confidence rests.

Enjoy your night HC.

All IMO