I honestly don't know the answer to this, and not sure if anyone does.
If I had to take a punt, I'd say it's market psychology matched by risk/uncertainty. The market psychology is that people aren't willing to bid up the share price because they know they can keep accumulating at <$3.60. The risk and uncertainty relates to the operations - until the EBITDA figures are printed in the next report, people don't believe that salmon is profitable or that prawns are growing.
Perplexed, yes.. but probably not surprised. Peter Lynch would love this situation if it makes you feel better?
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