Exciting times6 Dec 2023 12:17
I believe the reason for the artificially deflated share price is the anticipation of debt refinancing in the city, which, reading between the lines, seems necessary by 2024 Q2. Once the refinance occurs, I expect the share price to significantly increase.
The board have possibly also recognised the need to change direction, hence the new CEO appointment. So, remain optimistic and consider buying now – as the saying goes, "be greedy when others are fearful."