This is going lower, page-4

In order for the SP to significantly increase and trend up the company need to be either a takeover target or a dividend payer. Neither of these will occur until there is significant up scaling of the production facilities and associated orders. Ultimately, this requires mass production. QHL is focussed on the military dollar and will be just fine, but this will never make the ASX 300 unless it pursues mass market manufacturing, like cars, buses, trucks, trains or housing components. Last time I checked most of the big car makers are still making steel cars. The potential of this company rests on the very slow transition of steel cars to advanced material cars. Perhaps if the board wanted to build a car from scratch then we would have a larger potential.

Board needs to pay a dividend otherwise the SP will never get above 100m MC.