Besides WTT's excellent points, I'd point to the short...

Besides WTT's excellent points, I'd point to the short interest.I'm not one for conspiracy theories but the short interest has been undeniable & a considerable drag, especially of a market cap their size.

Currently 2.1M, which is an outsized portion compared to all their peers. I've also evaluated this in a previous post.I see nothing to warrant such an oversized short interest.You have a first class management team steeped with experience, who are continually hitting goals.

They are finalising their third and final year of baseline studies, whilst some are yet to even begin.The register is excellent (LG invested at a significant premium to the SP) & you do not attract the calibre of these parties by chance.The SP performance has been undeniably disappointing but I firmly believe this will not last.