Short term, I would think large buyers see no need to rush in if the company is considering a capital raise of the horizon (see latest report). They can wait for this and grab an optimal entry.
Worst case for them is if the price jumps up from here, but the cap raise is still offered down at these prices regardless. Seems a low risk play.
Also, price will tend to gravitate towards liquidity, and at the moment, that is below. (1.3 -1.6). This is in no way me saying it will get there, just a general observation.
Long term, fundamentals haven’t changed. The next large event is receiving funding - 2023 sometime would be that target.
KP2 Price at posting:
1.7¢ Sentiment: None Disclosure: Held
