I think you might be right about management "timing news". In...

I think you might be right about management "timing news". In the perfect world the market is kept informed as news comes to hand, in practise the festive season is a lousy time to release news - no one notices - too busy partying, or just too busy. A few good updates in a row have a much better affect on the share price than spaced out announcements.

MPX's placement was to close on or about Dec 21, no news yet other than the update saying they'd already surpassed the $25m, they had the option to go to $28.5m.
I'm sure they've penciled in orders with RGI, but wont make it official till they have the funds & pay the deposit which is when RGI would announce any such deal. At the AGM they said they expected to announce a big deal before Christmas (non mm), I'd guess now early Jan along with an MPX announcement. I have previously posted the expected size of an MPX order based on what they have indicated they will fit out with Roto-gro.

With this initial order & others mentioned at the AGM, my guess is the order book will be around 1500 by early - mid Jan. That presents a problem, they cost $5000 each to make & RGI only had $1.64m in the bank Sept 30. They probably have another $1m from the Amfil 100 unit order that was due to be completed a few days ago. Still 1500 units will cost $7.5m to make. I can see a small capital raising in early January to give them the liquidity to finance these & other expected orders, this would be a good thing not bad, you need liquidity to expand. Any broking firm carrying out such a raising would want to do it after a series of good announcements to get the best price.

What would the share price go to if they did announce orders around 1500?
Hard to value a rapidly expanding company, look at some of the lithium miners, they have market caps over $1b yet haven't registered 1 cent of income.
Assuming the Amfil 300 odd order covers admin & overhead expenses, & they make $5000 per unit, 1500 would see a $7.5m profit, call it $5m after tax.
Using PE ratios is probably not the best way to value a rapidly expanding company like RGI, but would be very conservative even at 30.

pe 10 = $50m mc sp = 60c
pe 20 = $100m mc sp = $1.20
pe 30 = $150m mc sp = $1.80

As I posted earlier, this company goes very much under the radar, when (not if) these big orders come in, the market will awaken.