last accumulation phase, page-2

Existing holders know the technology works, I think the ponds are irrelevant to a rerating.

2 things need to happen to bring in fresh buying:

(1) markets stabilise, that in itself will see a big turnaround as the market has gone very risk averse, though MHM has proved very resilient

(2) selection of the first US site. Then a roadshow to follow will get real traction and interest a US audience.

the Australian operations underpin some value but not all of it, to see fresh share price highs will require very good news in the USA.