My guess is that they had such an amazing run pre the meltdown...

My guess is that they had such an amazing run pre the meltdown and now have equally given it back that there are a lot of people either giving it a wide berth or waiting on the sidelines for more proof.

I reckon you are spot on with the upside and it wont take a lot of good news to move it a lot ... we just have to wait for that news.

The team has a good record and has been recently boosted by the new director. He wouldn't join a company like this unless he really thought it had the goods. He would have done his Due Diligence.