If this is going ahead, the new shares within the convertible...

If this is going ahead, the new shares within the convertible loan facility will be issued at 4c; therefore, I would expect the stock to resume trading around that level. The fact that they’ve managed to receive firm commitments for this CR must mean they have an operational plan in place, so it shouldn’t take too long (a few weeks, perhaps; most likely before the end of this financial year, if I have to take a guess). They did say that shareholder approval would be needed, though (as it should be the case, given the extent of the dilution involved), so I expect a notice of extraordinary general meeting first.