The lower SP definitely has led to dilution but as you said, demand is there and there was a mention of stage 3 expansion which goes to show demand is only going to go up. All in all good work from their mamagement but there is more news flow expected as not all is clear.
Lets hope A40 news expected on or before 4th of Jan is great!
A40 Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held