"Show me the money" market reactionFollowing the Jan/Feb Ronin announcement which saw the sp pop to 0.37, before it progressively fizzled on no (further) news, I get a sense that the market today has adopted more of a "Show me the money" stance.
Granted, we're still in the summer doldrums but, this alone, shouldn't justify the rather timid response seen today.
My take is that this contract, if it goes ahead, could take several more months before being confirmed (i.e. November/December).
This said, if/when the contract does confirm - perhaps preceded by other confirmed or potential AI contracts (let alone COVID-19 testing income) - I'd expect the sp to explode in a big way; certainly well beyond $1/sh.
So, even if it may still be too early for some, if ever this deal were to come through, now would probably end up being the best time to take or add significant DM skin in the game - for those who can afford to do so.