I agree with both of you, it is a good sign. Lanstead are a larger version of many of us who can see a significant turn around after the teeth cutting process. I suppose a couple may have seen the AFR article last year explaining how the UK fund likes to get in on the ground floor of growth building Australian based junior minors because of the good possibilities of wealth creation ahead of cautious yield-focused investors.
It is reassuring to see their business philosophy and the way they have longer term visions and not so concerned about the day to day noise in the marketplace. They are not so concerned about paying a little more for shares to push the company along a bit.
Anyway, here's the link. It's a year old but informative.
