thoughts/questions, page-5

Further, don’t try to time a falling knife, 100% retracement in motion ($0.07) in my view.

Only if $0.07 acts as a bottom (resting place) then you may need at least few months of side-way trading to determine a change of trend.

The question one has to ask is if the heavy dilution created in 2020 supports $0.07 or lower? (Refer to the value of the business and not the share price against the assumed NPV).

JRV is a great example of how the presumed support level of $0.11 or $0.12 was greatly undercut to see trading go as low as $0.053. Dilution can ultimately throw out the technicals.