I would consider the strong base forming around 0.40c to be related to the 0.38c Enterprise Value per share listed in the Ballieu research.
Ivor is so conservative that this figure based off the low scenario means that even if much of everything the company does and is going to do undershoots expectations we could still expect it's value to be around these levels (and that was based of 350m shares) So buying at 0.40 you are effectively buying a free call option on the upside potential of this stock.
There is no way I will be selling here even if I got 100% of my SPP allocation let alone 58%
RFE Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held