SDL $0.031 ↑ $0.003 (10.71%, page-17

northroo1,
I too believe you've got it slightly wrong.
The SP is below 10c because the market don't believe this project will get funding (get up) while I/O is at current levels (below $80). Agree with that.

BUT If the I/O hits $90p/t and futures indicate that I/O will trade and sustain $90, this stock will move back to 7-9c (and even higher) in anticipation of concluding Funding. Once it becomes clear that the equity/funding partners are ready to sign on the dotted line, this SP will move quickly.
As yet, there is absolute no certainty, as such the current SP.