The recent high was around 16c back in March - perhaps overshot at the time and retreated substantially since. No one likes to pay 16c and within a short period see it trade at a bit over 7c - can it fall further - yes - but I'm guessing that the recent highs will be breached at some not too distant point - and as I see it, that point should come once project financing is finalized with binding offtake agreements.
Whilst it's currently down, I'm also guessing that longer term it will be a thing of the past subject to hurdles been overcome. On that basis if it retests 16c it already is more than doubled current price - that in itself is a nice return. Those who paid 16c have a chance to average down.
If you can get it even cheaper in the next little while - well and good - the more the puzzle pieces fit going forward, the less likely for that to happen. AIMHO.
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