Jack - compare NPV of project to its market cap of $45 million, its cash of $20 million, and its debt of $99 million.
Being forced down by bots - may well go lower but thats fine with me - confident enough in the underlying value to keep buying if it does go down further - makes the eventual payoff that much bigger
And I respect IOOF - they were buying at 20c pre mill issue and have been buying more at 10c post mill issue
Agree technically it looks very grim, but gotta hold your nerve sometimes if you want to make the big bucks