Morgans last broker report was Dec 20 shortly after the last PTB...

Morgans last broker report was Dec 20 shortly after the last PTB trading announcement. Target price 89c - forecast div 3.3c - Add rating. Personally I think that you have listed most of the probable culprits for the languishing upper 60s SP. The most likely is the aftermath of reducing the dividend policy. I have to admit my reason for buying in the first instance was the fully franked dividend but since then I have become more interested in the style of management and the growth prospects of the company. Post Covid (whenever that is ) the SP is most likely to be nearer $1 IMO. I have to admit that it is hard to park money in some of these unloved companies when there is quite a bit of momentum and emotion around BNPL and battery metals but each to his own attitude towards risk.