This is really dart throwing, as anything an happen. But I would suggest a bunch of AXE holders will dump on day 1-2 and the price could dip at some point but I would be surprised to see her go lower than about 16c. That’s the downside.
On the upside, I see ballpark 30c achievable quite quickly as those that got scaled back in the IPO may well want to top up and this doesn’t have lots of shares on issue.
Beyond that, I just don’t know what the share price will do and we will likely need to see some news flow to drive the price in any meaningful way.
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