G'day Pharma...trust me, nobody wants to see this company survive, thrive and start generating prosperity for all its shareholders more than me. I have never been this underwater for this long in any share I have ever held.
I wish it was as simple as posting only positive comments on an HC forum to make a company successful - but it's not. Even the Board's positive announcement (from your post) could stop the SP slide. I could ignore reality and start posting literary rainbows coupled with lashings of sweetness and light but that is not me. Besides, the HC audience is too smart & informed to be fooled by that.
The reality is, this company seems to struggle with attaining a sustainable business with a similar financial performance. For example, based on FY2020, Leverage & Efficiency continues to decline and although Profitability is getting closer - only the "Covid related" CR saved the Liquidity indicators.
It is disheartening to see the SP go from 9.9c to 31c - then back to 9.9c in 6 months. Something needs to change.
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