Yup. Does make one wonder. I’m not too sure really. I think the spec end of the market also looks at cash balance and the possibility of dilution really puts investors off.
As previously mentioned, if share price was 30c, they could raise $18m and our future would be secured. But as it is, the market is uncertain.
Also, confident buying breeds more buying. Until a big investor steps up and buys big on market, hard to see any momentum tbh.
