I dare say the shorters may think they have the upperhand right...

I dare say the shorters may think they have the upperhand right now having joined the weak hands in selling.
However selling on good/positive news is high risk for both groups given that the next 3 important announcements/milestones will deliver a 99% derisked project . We will see this outcome in the not too distant future.

Under this scenario shorters will have no other option but to buy back their short positions or perish. Given this outcome I am of the view that the total sum of the short positions as of today is a major asset for long term holders and fresh/new buyers, which makes the current MC of $175mil + total short positions to be bought back way, way undervalued from any forms of measure.

Therefore the time is getting closer by they day for the next 3 milestones to be rolled out.

I am quite relaxed and feel more bullish as the SP has fallen.

DYOR