It's well worth identifying the total tax implications of an...

It's well worth identifying the total tax implications of an exit now and a reentry later. I highly doubt you'll be able to pick this up on a retrace and hold it for 12 months to claim a CGT discount. I'll run you through a simple scenario.

Let's say you earn 100k a year , you have a million shares @10cents and you've held them for 12 or more months. You sell them for 25 cents Monday.
You'll put 150k profit away with a $27750 tax bill due.

In March you buy those back for 20 cents and in October we are sold for 60 cents a share. You make another 400k profit but you also have 173,000k additional tax bill from this CGT event.

After paying the tax you owe you'll have around 450k in the bank.

If you hold the initial lot till October, you'd make 500k profit only. But your tax bill will only be around 106k. You'll have around 500k in the bank after tax..

A bigger buyout figure, more initial shares or a better initial buy price than 10 cents the more the buy and hold scenario wins.

The reentry price would need to be .15 cents to break even with the just hold scenario.

I'm not a tax or financial advisor so it's just my opinion and DYOR but if you can you want to sell this at max price with a CGT discount.