Short squeeze party thread, page-85

@Oddoneout
So we've had:
- excellent Walyering results, straight into sales while testing
- an announcement of a high-margin, short-payback period power plant
- a large financing package approved by Macquarie, requiring significant due diligence, albeit conditional on power plant being approved.

You'd expect at least some portion of the short to be closed, especially with a CR off the table, but that isn't the case.

I sound like a kook, but I'm not that surprised, as I don't trust the short-sale data. A large proportion of the reported 'shorts' are best viewed as a proxy for Gina's (or someone else's) holding. We will not see a change until this stake is declared, I think. Until then, I will continue to look mad.

As we saw with WGO, the share price languished at around 12-14 cents for months despite a series of good announcements—that is, until the bidding war started.

Unlike WGO, however, our management team is proactive and will move forward across multiple projects. We are also lucky to have strong revenue from Walyering, which underpins the company's value. I hate to think what the share price would be without Walyering.

We've been speculating for so long about the potential for a takeover (like WGO, TPD, NWE), and it still hasn't come. You'd have to think the next possible catalysts for MA would be the export policy announcement or ED results (as Gina, MIN and Beach would be very interested in these).

Anyway, there's nothing smallholders can do other than see the inherent value and hold tight. I think most of us long-termers are out of cash for top-ups.