Can anyone tell me why?, page-2

Ummmm. I'll have a crack at this one. 

Maybe SP is where it is because the company is still a start up and the market cap already  builds in all the premium it should, based on current and foreseeable profits.

Execution risk remains high as does regulatory risk.

I happily buy on dips but expect Au8 to take at least another 9 to 18 months to establish its business model.

Management have 0 years of experience in managing a public company. That is already evident in their totally botched CR earlier this year.