pumped (0.5-3.5), dumped (3.5-2.2), what next?

I can see 3 sceanarios playing out here next:
1. Continued dump back to the last rights issue a few months ago ~0.5 cent.
2. Stabilisation in the 1s waiting for additional results
3. Another pump back up.

Given that BGS got absolutely dumped from the lofty clear double top of 3.5, with further capital required this year and still 4 times the last rights issue a few months ago, I would suggest [2] is the highly likely short term outcome.

IMO, the shorters obviously realised that no significant news is likely for a while now and will probably close out in the 1s from tomorrow before it stabilises ~2 cents.

Further, the DB and processing plant are possible red herrings - the DB is not like for like and is comparing apples with bananas the and existing processing plant may be end of life and be more expensive to use than standing up a new current one.