Nasdaq Listing and Fair Value, page-45

Can safely ignore last night I think. Relatively low volume on a day when majors like Glencore etc shed double digits.

as for the rest of it, 2027 steady state has changed the economics and now the crisis of belief has put the funding into question. The lower it goes the less likely it is to get funding and so on and so forth.

I'm still confident this will get built, but the path to getting there isn't as clear as it was. The DFC will fund their part, pretty sure of that. Have to keep an eye on standard bank to make sure they don't fall apart with the rest of them.

It could still justify being 50% higher even today though so it's also just illiquid stocks doing illiquid stock things as someone or some people exit either at a loss or as their breakeven approaches.

tune out time for me, but nothing geopolitical imo