Ann: AGM Chairman Address and CEO Presentation, page-18

To be fair i'm sure there is also a bunch of investors that figure there is not a lot of risk of missing any news/SP drivers in the short term, hence, more attractive options elsewhere. We know the 2-3 year investment timeframe, when catalysts are, and hence plenty of time to get in and out relatively risk free. When you take the M&A avenue off the table, what can really surprise at the moment that would want you to hold for short term catalysts? Can easily come back in 6 months and we'll still be somewhere where are now IMO.