I haven't seen anything glaringly obvious at the moment but they do have close to an $80m fully diluted MC and a ~AU$22m convertible note to Sprott and Pala (but a decent cash reserve too). They're still not operating at a profit, so maybe people just want to see the spot price move more convincingly first and the ETF re-adjustment can't help. I don't have a great understanding of the resource either, maybe it's not an easy one to mine economically?
Short Term Trading Week Starting: 4 Jun, page-147
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