that's it in a nutshell. People don't think enough about the...

that's it in a nutshell.

People don't think enough about the motivation of other parties in the market.

When you realise that most of the money in the market is motivated by a smallish, steady return, you can see why stocks like this can drift aggressively.

The next value catalyst is when financials start rolling in and the quarter on quarter/ half yearly on half yearly are showing increasing cash receipts... We will be looking at the same types of re-rates that you see in the NEA's and the NAN's of the world.

If the forecasts are correct, this will re-rate to much higher than today, once the forecasts become more 'sure'.