Post by
Resilience19 on Aug 04, 2021 4:42pm
"Show me the money" market reaction
Following 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.
Comment by
SeniorC on Aug 04, 2021 5:22pm
I totally agree with your reading of the market reaction Resilience19. My hope is that Canadian authorities are in a pre-election rush to award the contract as they know they will not be able to award iT once election process is started and then, it would be delayed for monthsss!! let's hope for real data soon!!!