To be fair, though, the 'deep' (18.5%) discount based on the...

To be fair, though, the 'deep' (18.5%) discount based on the prior trading day's close (13c) or even the 'deeper' (21.5%) discount based on the 14c close on the day of the fleeting 16c intra-day top only two trading days earlier -- esp. given both of these days formed part of the the paltry four trading days above the Offer price immediately prior to the CR -- isn't really what we'd call a well-established point of price comparison (longest sentence ever!). I think the reported 10% discount to the 10-day VWAP immediately prior was a pretty fair metric. The SP currently consolidating around the 12c-mark, with a v.slight positive slope, is a healthy enough ST technical sign, imo, given the odd (or more) 'flipper overhang' that requires digesting.


PS. I thought it was pigeon morse code, or perhaps a telegraph operator with an uncontrollable tremor.