Ann: Quarterly Activities & Cashflow Report - September 2019, page-33

Trading volume is so small that you can't read much into the price fluctuations. The top 20 shareholders continue to hold (and even accumulate) over long periods. The small volume of actual trading stock means that the institutions cannot get set in TBR, so they have to move on and ignore it.

So while the day traders ride the waves the real money is to be made by sitting on this stock - no debt, cashed up, not many shares on issue, dividend paying, low overheads/executive renumeration, outstanding Australian operations, new Philippines and African operations with plenty of blue sky. TBR can only go upwards....