Traded volumes have dropped off significantly over the last...

Traded volumes have dropped off significantly over the last couple of weeks, maintaining a narrow range between 10c - 11c.

Market seems to be holding off until some clarity over the near term financial viability of the projects and ongoing operations can be provided.

This is particularly the case with iM3NY which I believe shows a significantly risked valuation by the market. Revenues need to be received ASAP to ensure the ongoing costs are at least able to be met. Additional offtakes would be possitive also, though I think it is unlikely any new offtake would provide immediate significant revenues. The commencement of incoming cashflows from sales is the information market wants to determine just how much risk is associated with the current state of the project.