Trading volume of 3.7m which although not huge in terms of value...

Trading volume of 3.7m which although not huge in terms of value is significant in top 5 in the last 6 months

Reassuring to see no large shareholders have sold their stake, but the share price is less than half of what we were at the start of the year and less than 25% of where we were post FY24 results were announced.

If things have not recovered in this quarter in the US, mgmt should come out early (before the 4C is due) and give the market a heads up

The positive is that they have cash, and the loans are only due in 4Q27, but perhaps the market is concerned that 2H will bleed cash as it traditionally has done and US market conditions continues to struggle given all the uncertainty that donny is adding