I don't think there is any chance for this to go down to 0.3C...

I don't think there is any chance for this to go down to 0.3C again. If you analyse the last one year trading data, the average buying price for the stock is around 1.1C with more than 4B shares traded. It's not possible this to fall to 0.3C just for the fear that there would be a CR. If management wanted to have CR at this much low price, why would they not do it 15 days back when the stock was being traded at 1.2C. Now it's at 2/3 of that level, quite clearly due to impatient holders / traders selling as the volume has been low. There will certainly be a CR as well as a JV / off take agreement; which event will precede the other is the million dollar question. My rational mind tell me that there will be JV announcement before CR that would re-rate the stock to mid 2c before a CR. Let's wait and see.