We can speculate on why there has been a lack of news flow.
The suspicious and unimpressed may cite
- just poor communication by a bad company
- hiding the lack of progress
- director self interest - having to wait until the 90 day lock out period to buy
- getting mates in at a low price
The most likely IMHO is progess (roughly) as planned, and commercially confidential news that they do not want in the market. They are buying up acres as a public company. They do not want farmer Jed to up the asking price because he can google market announcements.
What speaks volumes are the large orders from Directors, Institutions, Prof Investors, and clients of Novus.
DYOR
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