The close price on 17th of September was 0.67p the previous peak on the 5th of July was 0.65p. On the 8th of may the peak was 0.75p. The trend may have turned , so the next peak 0.75p . news can change things quickly. BAO jumped from its low of 6.5p when the funding news came through . So 50% up to around 0.8p would be about right.
With funding confirmed 1.5p would easily be toppled i would have thought as that only values OTC at 35m with 20m equity fund 7m in the bank and whatever amount the funding is agreed at. Granted there will be dilution unless the funding is aligned with production sales.
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