I reckon stake building by canny fund(s) explains much of sp movement from 25p to here...in absence of stake building the sp trajectory would have been back/forth as recovered thru 30-35p area
.....the retrace back to here (or 34p) is more "natural"...as traders in lower book profit.. since they have "concluded" (at least in crowd/aggregate way) ceiling @42/3p looks tough atm... esp given limited visibility on newsflow: where is good rns going to come from (next substantial news post interims may well be about bond...and that is likely neutral or neg imv)...
...and those who want to build their trading position wait for retrace
the korean business is v difficult to value
...i want to see the mcap comfortably exceed tnw (so £12-15m, say) and/or pe (adj for surplus cash) over 10
....somewhere above £1, but where? £1.20-1.50?