Footsie - good call re the retrace. However it has been on exceedingly light volume (ie average of about 50,000 shares per day).

By contrast, the rise from 1.30 to 1.70 saw volumes average over 500,000 (10 x higher)

Also, FYI, the Corporations Act requires Substantial holders to notify any changes in their holdings of more than 1%, within two business days.
Pretty severe penalties apply if this is not complied with.