I think this is drifting down because of the lack of news and other sectors like mining and oil romping away. People feel disappointed with IRISS progress, and are drifting away to other things.
Personally I think this may drift another 10p down, but then will be underpinned by breakeven and a few contract wins.
I don't think it will rocket, but could make steady progress.
They have a few printing contracts lined up for 2006, then IRISS should start being incorporated more widely 2006/7, and then mobile phone tech should be red-eye enabled with flashes (when?).
Once they do break even, what else can they do with the small cash pile?