Yes, the target price is a joke.
"We also now expect a $40m capital raising some time in FY23."
"Our revised our 24-month Price Target is $0.50 per share (previously $1.63, -69%), which includes an estimated 43% dilution for the expected capital raising we think will now be required some time in FY23."
Thanks for the Gov 12m, we now only need 28m in the next year Im beginning to prepare the money now.