What are you basing your opinion on, that IHL should be trading at at least .35 ? Without any provided rationale, it sounds like you're just expressing your wish that the price had held at, or above the option price. As a comparison, IMU has lost almost the same percentage since its all time high (actually it has lost a little more than IHL has). Is that making an excuse for IHL, or is that providing evidence that Aussie small cap biotechs have taken a beating overall?
--------------------------------------------- IMU high of .60 in November 2021 IMU today 0.185
IMU Loss since high: 70% --- --- IHL high of 0.73 in March 2022 IHL today 0.23
IHL Loss since high: 68.5% ---------------------------------------------
IHL Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held