What's going on with PRA? It's gone from 0.7c to 1.9c and back...

What's going on with PRA?

It's gone from 0.7c to 1.9c and back to 1.5c in the past week, but what has changed?

Thred is looking more promising than it did since the initial announcement, but Promesa have continued to disappoint: namely a complete absence of communication regarding capital raising and timeline blowouts.

The initial timeline had shareholder meeting on May 15th, with ASX readmission by June 20th.
The corporate presentation pushed this back to 17th July, with readmission by August 14th.
As every day passes, we are closer to the September 30th deadline for shareholder approval and ASX readmission, when the option agreement to acquire Thred will expire, and Promesa will revert back to a failed exploration company with 27k in the bank.

The big topic on these boards at the moment is "Road Show", yet is there any evidence that an investor road show is taking place?

Am I right in thinking the hope here seems to be that a big tech announcement is around the corner; that this will propel the SP above 2c, allowing capital raising without consolidation; and that suddenly Promesa will get their act together?

I don't have such faith in Promesa, got cold feet and sold out at 1.4c. Good luck to those still on board!