Never a good sign to see the top brass leave abruptly, but with MP1, this may be the inflection point that is needed to accelerate the path to profitability with the new management likely to be well aligned with the founder, chair and major shareholder Bevan Slattery (who is no slouch).

The only question is whether the valuation stacks up (even after the enormous draw down hurtling the shares towards multi-year lows).