Ann: June 2015 Quarterly Report, page-18

The reality - it was a predictable quarterly with no nasty surprises, but no good news either especially with regard to the 'strategic review'.
The market did not like it though - sold down 10% since then.
Risco were buying any orders at 34c prior to the quarterly, they have either withdrawn or moved their buy bid to 31c. There was significant volume traded at 31c yesterday, that is, someone was happy to accept 31c.

The market is the all powerful arbiter of a stock's worth.