I'm bullish on the project (under the right management team) and...

I'm bullish on the project (under the right management team) and wouldn't sell into 0.01 based on the info I've seen (which I think needs to be updated to whatever forecasts mgmt provided Pak with).

But unfortunately, in the short term I think the share price will converge to the capital raising price.

If the effective capital raising price was $0.0122 when Pak was committed and on the basis that he was committed, then I can't see how the effective price won't be at a discount.

Having said this, I'll be more than happy to be wrong and would probably hold at that price (depending on what continuous disclosure info we receive about this Project)...