In terms of the fundamental, I think if you scroll up and look...

In terms of the fundamental, I think if you scroll up and look at the past announcements and comments, we should all quite happy with the progress and velocity of what QFE's been able to deliver. (Personally, I think the AU market decline is justifiable and it doesn't seem like the current focus of QFE anyway)

QFE isn't a good company if you're looking for short term growth, it certainly isn't the best stock compare to many more exciting companies in the market, especially when everyone's eyeing on recovery sectors post-vaccine, but it definitely is in a strong cash position, in a growing market with lots of opportunities.
And looking at the volume, I can see that small orders are exiting the building and some mid-size orders ($50000+) have been filling very quietly.

Let's be real... institutional buyers don't spend $17 million at $0.50 a share in October and sell them a month later at a loss.