imo the 4C needs to be 300K+ receipts to hold the SP here, and cash remaining must be able to see the company through another 2 quarters and we might get a bump and some hope creep into the SP up to around 1.3 to 1.5c
Anything less considering all the headwinds in global markets, and I cant see this holding even these levels with a decline over the next few months down to .4c to .5c
Keep in mind the SP was 1.6c just 4 months ago
IAM Price at posting:
0.8¢ Sentiment: None Disclosure: Held
