The results were reasonably good, however the market does not buy that in. Share price has fallen since the release. This is a puzzle for me. Perhaps the market does not believe that the company is able to convert ounces in the ground into future cash flows?

Why valuation is so ridiculously low?

There is an efficient markets theory which says share price includes all available information. Maybe there is something out there which we know not?!

On the other hand it may be the case that the market does not properly value Metanor, maybe it is a buying opportunity?

What do ye think guys?