More interesting is the more or less consistent rise in the SP despite the fact that the latest report was very ordinary. There has been a 50% rise in the SP since August despite macro headwinds. For those who bought at the lower levels (25c+) things are quite rosy - for those who invested in the IPO and shortly thereafter and are not traders all we need is another 150% rise and we will be square. There would appear to be some resistance at 58c or thereabouts but once it overcomes that hurdle illiquidity should help further rises. I cannot explain why a 50% rise has occurred based on the recent report but I suspect that others know much more than I do.
Ann: Financial Results Presentation - FY2022, page-9
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