I don't see any mention of whether the sales are profitable in your post. There is also no comment as to whether the company is generating cash or spending it. Either of these will drag its share price down.
ERG is a fabulous example of a company that seems to have lots of revenue and revenue growth but seems unable to turn it into profitability. The also seem to be capable of burning phenomenal amounts of cash and never being able to replenish it.
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STRATEGIC ENERGY RESOURCES LIMITED
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