With support at 9 cents lost, from a technical analysis perspective it looks likely that the share price will head south until the next level of support is found. From the charts, my guess is that this will be at about 5-6 cents. There also appears to be support at 3 cents.
Even at 8 cents the market cap is $100m AUD, which feels too high compared to other non-revenue producing (potentially game changing) micro-cap stocks that I hold, such as 4DS.
GLTAH. DYOR.
