Takeover, page-3

Speccy, am curious, with the sp around 50c for much of 2016-18, valuing GCY approx $300m (vs our current $80m)......do you feel expectations were over exuberant during this time or the ramp up issues have been far worse than anyone expected....or a bit of both? I'm still hoping naively perhaps that once through the issues a $300m MC  is  still in realms of possibility (perhaps with a little au price assistance as well...and some ripper qtrs).