Eddy groves is essentially empire building and not working to maximize shareholder wealth. The equity dilution has been horrendous and the amount of debt is a cause for concern. Profits can fluctuate wildly with changes in government handouts and now the company has currency risks with the huge US expansion. Combine all these factors with the main issue that the assets are not generating a sufficient return given the underlying risk, any bad news can create a snowball effect on the share price.
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