And that there is the challenge.... you're right!
No notable institution will yet take a position of significant size because
a) we're still in spec world, but the dominos are starting to line up well
b) they can't jump in... for weeks now it's been about $200k that would have taken us up 25%
As a result I think we will either see a gradual but noticable re-rate coming in from today, or it will take another result or two to prove up that there really is something bigger there, de-risk this, then we'll have a sharp and clear re-rate. 12 holes yet to come - I'd think a steady news flow will follow and we all hope that there's similar results
Either way, if you believe the story then invest in your patience.
If you don't or you think that your money can make more elsewhere (and you can time a re-entry into here), play that game - but I'm not smart enough
And that there is the challenge.... you're right!No notable...
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