The only bit that made sense to be is the low volume. Almost 6...

The only bit that made sense to be is the low volume. Almost 6 months of low volumes. To me it seems that the SP and trading is mostly by small players.

The only large volume event was the placement associated with the recent out-licencing deal. However, that deal doesn't get added into the charts since is was primary market trading and not secondary market trading.

I remain bullish and see the SP as undervalued.