I think it is impossible to make these calls on a stock with...

I think it is impossible to make these calls on a stock with such a small cap, so early on (from a listed & cash injection perspective) with little time to announce/expect something earth moving from it, and one so illiquid and with such a high proportion of purchasing on lows from a Director. There is also some hangover shareholders of BCL and potentially also PFT from the unlisted days (suppliers/producers/farmers versus Private Equity/Share Investeros).
I think everyone needs to give them some breathing space as the options issued show the timeline they expect to get this thing firing (or not).
The SP may well continue to wave from 20c & 18c lows down to 16c etc. over the next weeks/months/quarters but 12-24 months will tell.
Trying to trade (& speculate) this stock in the interim is fraught with danger IMHO.