Maybe. Maybe not. Shares through the offer were allocated just...

Maybe. Maybe not. Shares through the offer were allocated just before Christmas. It's possible a big P&D was held off until people were back in the trading scene.

Shares were issued on 15/12, plenty of time before Christmas for stag profiteers. As mentioned around 40% were taken up by directors who you woul assume would not sell. Also just checking a substantial notice holder announcement where an investor took another 33mill in shortfall. So we're talking not a great number of shares to offload by stag profiteers and plenty of opportunity already for them to offload at 20-40% profit, and if not, the overhang isn't great.

Whether there is still a planned pump is another question. But at a marketcap of $3-$4mill the downside risk is very minimal imo. Anything around .4c - 0.7c is probably a pretty safe bet atm.