agree to some extent, but I have no idea on the potential...

agree to some extent, but I have no idea on the potential upside, it's all a guess game.

corporate wise, some 1c placement shares to be soaked up. Looks like they will try at least 2c for prospectus raise to take advantage of new ASX rule, dont need share consolidation if share price stays at 2c or above.

"For illustrative purposes the Indicative Capital Structure table above assumes the $3.75 million Minimum Recompliance
Capital Raising is undertaken at pre-Consolidation price equivalent to $0.02. However it should be noted that if the share
price is at a higher price prior to Recompliance, the capital raising may be undertaken at a higher price. Furthermore the
Company may decide to raise more than $3.75 million."

this part says they will go with the market condition. If market likes the story, might go for better than 2c.

If not, well.... good luck LOL