of course i agree.but if there is even the slightest hitch...

of course i agree.

but if there is even the slightest hitch involved, well technically the SP could also go all the way back to 5c, which may sound ridiculous fundamentally but is not unheard of, and which makes for a much better buying opportunity. but equally it is a much harder price to come back from, esp if they need to do another cap raise, as indicated, for working capital to supplement the financing.

this is really an awkward position to be in for holders. the lack of interest is unnerving. a rise from here would probably mean that a double bottom is in and interest and buying pressure may return en masse.

but another small vol sell down would pretty much invite a whole new down leg, at which point things can begin to deteriorate rapidly.

hopefully something happens soon, it is the only underpriced microcap spec i currently have faith in, but if the rest of the market doesn't concur then we may still all do our dough in the interim.