NEA chart, page-723

Even back in November 2014, the sp has been higher than current levels purely on the AUS operation so if the company didn’t make any progress at all in the last 3 years than I would agree with you.

In fact, if they did not enter the US at all, I’m sure most would agree the sp should be much higher than current levels.

Which would suggest most people actually think the US venture is a burden to the company rather than a stellar opportunity.

We are simply waiting for the market to be proven wrong.

The AGM updates next week will be another step in presenting further proof.

Of course the market will eventually wake up & realise they’ve made a mistake but for some strange reason it has taken much longer for this stock.