Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-3

surprised the market has not responded to the report - looks like the numbers align with messaging and fits with confidence demonstrated by management purchases. sp has drifted significantly lower in last 6 months so maybe people hoping for lower still or remain unconvinced by margins and profits ahead. I had not factored in any T/O possibility in short term but at these levels of sp and potential I can see your point.