I think the trading below the SPP was inevitable for the reasons...

I think the trading below the SPP was inevitable for the reasons I posted last week.

Consecutive closes in the red and below the daily weighted average since then says might be more selling off.

Support is solid down to $0.25 but if the sellers pierce that with momentum then pick a price in the teens.

The ASX listing will tag the OTC for a trading guide, so watch for sell offs or large buys lifting the SP.

The timing of the SPP was near perfect and the terms were good (no options and a modest discount) although existing retail holders were locked out. The good news is you can buy now at a discount to the sophs and insto’s entry level.

It’s an interesting time … there’s a risk in holding if the sell off continues support collapses, and, there’s a risk not holding if they release numbers which stack up as economically viable.

A company update on the critical minerals institute partnership or US Govt funding/financing would lift my confidence too but I think the US listing will need to happen before we see meaningful $$$$ being thrown around at what is still an Australian company.