"... raised cash several times over $2 ..."
LOLs 2007 & 2017 both before current team - for the last 3 years they've been paying down debt and returning capital to shareholders through the buy back.
The current team has fixed the issues with the 'expansion' in Africa. It's coming to fruition right now, and you can't see the wood for the trees!
The turnaround started 5 years ago, they smashed a very challenging pandemic, and the fruit has been flowing for 2 years. Time to let it wash over you IMHO
Ann: Changes to Perenti Group Executive Committee, page-13
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