Until we see some more money coming in we'll not see much love for this one. With some viewing another cap raise as likely, which would be at a discount on where we are now, they are likely waiting for the price to fall. If, however, the Royalties come flooding, which I believe remains the strategy, they price will rerate quite considerably.
For now, it will drift until the cap raise vs royalty question is answered.
Until we see some more money coming in we'll not see much love...
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