Quite correct Birdy. I believe it will be close to 70m ($20m x 0.35c + 20m shares).
It's good to see an increase in volume over the past few days. It's nothing to write home about but at least the overhang of weak hands is now slowly being taken care off. Barring a margin call sale, 25-27c appears to be the base until (a) the overhang has been dissolved and (b) we have fundamentally changing news - good or bad.
