If we use a medium term target of 28c as an example, buying at...

If we use a medium term target of 28c as an example, buying at the 7c low gives those buyers 4 fold upside to the target of 28c.
The sp is currently at 9.7c. We have no way of knowing what the sp will open at after the IDC loan is received. There may be further news on green ammonia before that IDC loan news and the IDC news will likely see the sp gap up. If buyers need to pay 12c for any volume of stock, then upside to 28c is reduced to "just" 2.3 times. There is a very big difference between 4 fold upside and 2.3 times upside and that is a very attractive difference for those that believe that the IDC loan is likely to be approved. IMO it is very likely to be approved which is why I added at an average of around 8c as the base was forming. Those that bought at or closer to 7c will be doing even better but there wasn't much volume at that low for more than a handful of smaller buyers.