In March this year, Dana Buys bought over 1.6 million FrontRange shares at a mere 33 cents each. Two months later, Patrick Bultema, the new CEO of the US business, FrontRange Inc, followed Buys`s lead, buying a million shares at 147 cents.

He believes the stock, relative to its peer group, was undervalued 15 times then, and it remains undervalued at 200c, the closing price the night before our interview. By his reckoning, fair value is 600c given the current global market conditions. “At least there`s been some reduction in the gap,” he grins.