'all this is taken into consideration by the market and how much...

'all this is taken into consideration by the market and how much people are willing to pay for the share'

I think that you give investors too much credit. I think the average investor is not that intelligent, and I think that extends to the average fund manager, broker and analyst.

I think our share price could more likely be attributed to investor fatigue from long-term holders, lack of awareness or interest from a broader investor base, and possibly lingering displeasure or mistrust from fund managers in Australia that may have been burnt by Lucapa in the past.

I don't think it's the result of highly intelligent, calculating investors giving a perfect reasoned valuation of Lucapa.