Its in line with what ive been saying - once bitten, twice shy. Investor confidence is bit like first impressions, you really only get one.
Obj have allowed thier investor confidence to be well and truly smashed to nothing. Things might look brilliant in the near future, but most investors wont see that. Instead, they will remember the year after year..., after year......, after year............ after year............... of expectation that turned into nothing.
Like the boy who cried wolf, when the real wolf finaally shows up on the hill and prowls around, no one is going to belive it. The big Investors will only come back when the wolf is in the village and tearing their arms off.
OBJ might finally after all these years be getting somewhere in the grand scheme of things - but they have caused everyone to become so complacent and ignorant of them, mostly due to their communication incompetence, that the market literally could not give a s*#t even if they were farting cancer curing lithium plated gold banknotes.
By fundamentals, Obj should be many multiples of its price, but its here in the duldrums because its never ever attempted to keep the market appropriately informed/advised of its operations. Instead doing only the minimum legal amount required, and compartmentalizing what, where, when and to who it wanted. When people dont communicate, people will speculate.
The companies whole "we know nufink" and "partner confidentiality" over the years is also more of an excuse to me, as obj has been busted both knowing more, and handing more of that information to brokers than to investors.
As ive said the company has never cared about the SP imo, sometimes thats good, sometimes thats bad. For OBj, Unless it starts to fix the mess soon, then its safe to say time is allready well underway to showing that its been a very bad move.
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