Most of there original holding they paid around 30 cents a share...

Most of there original holding they paid around 30 cents a share for, then they added more around the 14 cent to 20 cent mark after buying back some stock they sold at a loss around 20 cents.
It has been a while now but I believe the first buy in total was around 58 million they then sold about 3 million at a loss then slowly bought back that 3 million at lower prices then added more to 61,295,199, only to sell the extras at a loss, now buying them back for more.
I think there total loss would be about 1 million more, about 11.5 million that is paper loss and trading loss total.
Your estimate is very close, maybe 500k more on paper for what they have currently paid and 500k more as a paper loss.
I do wonder if they will build from here only to dump 5 to 10 million units on the chance they will get them back cheaper, so far they have been shocking traders, maybe they will wise up and wait for the big milestone achievements like funding and offtakes, or will they risk it and play straight into the hands of waiting top up investors.