Cyw,
A balanced and perceptive review - I agree the share price could tilt either way.
The fundamental question is whether the $'s and contracts will be in place to warrant a higher share price and, if so, when. No one knows when this situation will be resolved but time is ticking till the $s run out. We know the company is working hard on producing positive news for shareholders but it takes two to tango (for any counterparty deal(s).
These are the ingredients for a punt either way depending on your assessment of the situation.
Overall, I think we can say that the patience of the market is being thoroughly and deservedly tested. Pressures are building. There has been continuing downwards pressure on the price. It will only stop when a deal is done.
We'll all know our fate shortly as the company requires $s to stay alive.
If funding or a new deal is secured, expect a price rise. If not, then who knows what may transpire.
Cheers.
Clacko
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