(Not aimed at you Mickle, I know your 5c was not a prediction. Just a convenient point to insert my general observation and comment)
Here is what the SP will go to. Whatever the market consensus is after we have been given all of the facts and after we have opened for trade again.
Not one of those who have made a prediction of the opening price have anything at all to go on. Not one of them even know the truth about what has happened within the company. They are blind guesses based on absolutely nothing.
Will the price drop to 5c, 10c,15c, 20c. Nobody knows. Some of us are willing to admit this, some of us have a delusional belief in our ability to predict the future. Even IF someone had all of the information, they still could not predict the price action accurately because nobody can properly asses market consensus. IF anyone makes an accurate "prediction" it is no prediction but a guess. If enough people guess of course someone will be right. Being right doesn't stop it from being a guess.
There was another comment quite a while back that I would also like to address. A poster here praised another poster as a prophetic genius, because a year ago they "predicted" that the SP would fill a gap at 18c or some other ludicrous garbage. Please lets be a little more honest with ourselves than that. The holy and venerable "gap" did not know the future. The pandemic happened. Some person/s stole from our company, maybe aided and hidden by the effects of the pandemic. There was a "gap" somewhere in the chart. The gap and the circumstances are uncorrelated. A black cat crossed my path and I was hit by a bus. Uncorrelated incidents.
I'm not trying to stifle conversation here. Just trying to inject some reality. I have no time for people flying off half cocked with an absolute dearth of information, telling us that they know the future. We haven't been given all of the facts about the present yet. As unpleasant as this all is, we are still all very much in the dark.
(20min delay)