That is what I am referring to although I was trying to speak...

That is what I am referring to although I was trying to speak generally and not 'downramp' specific stocks haha. Dont knock people for trading the value of a shell upwards on hype and momentum but most of them get caught holding the bag as the smart money/traders exit.. Theres a certain type of market participant buying those shells at a value of $58m+ and they certainly arent ones that have any idea what they are doing, its the ones that blindly following social media 'promotion'. Great trade but unfortunately reality will set in like all of the ones before them. They were baggers last year but the likes of Otsana had a heap of baggers from their IPOs they pumped out and now they are a fraction of IPO price across the board. I judge share price performance on more than just a quick pump and dump although ill trade them too.

Anyways, back to this. Im impressed if a company can return long-term shareholder value (actually get a project off the ground). Ill trade anything but I am thinking this could be more than a trade potentially, although would derisk to some degree on any sustained run.

We've discussed this on twitter, just because we are smart enough to sell when the music stops with most runs in spec land, someone is on the other end of that buying. I draw a distinction between short term shareholder value through hype before being quickly eroded by reality and compare this to a team that may actually bring longer term shareholder value, of which I think this team might (and your research suggests is a decent probability).