Looks very good to me.
Chart is extremely strong, and held important support last week. Bottom was confirmed at 5.7, and closed up on Friday.
Technically it is pointing to new highs.
The placement of shares to existing share holders was announced 10 days ago. it was trading at 7 cents then, and its bottom was eaxctly half way between 7 and 4. This accounts for share holders selling in order to take up offer.
It will now continue to rise.
All the best
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