The share price vs. those numbers is completely baffling isn't it. I can only surmise that it's one of the following...
- The market wants to "see the money" before rerating FLC
- Something's going badly wrong behind the scenes
- Anti-China sentiment (whether or not well-placed)
- Uncertainty over IC/risk associated with a single large contract
- FLC's share price is being manipulated by large players who want it for themselves
Anything else? Trading volumes are relatively low so I don't see anyone racing for the exits. I still think it's mostly the first one.
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