The big problem is what comes first share price or approval. I am a long term holder and well remember $11 briefly, $8 for quite awhile and thinking $6.50 wasn’t good enough so agree IF we get traction in a big market the price upside is huge.
Finding a partner to front the regulatory costs and strike reasonable terms is going to be extremely difficult without a success story in another market outside of Australia. That is why I believe Europe was so important to either get a partner or show meaningful volume so that our share price could get back to where it traditionally was .
At the moment we seem to be caught in the wilderness and I am not getting the sense that Board and Management have a clear plan to execute.
The big problem is what comes first share price or approval. I...
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