"What will be interesting to observe going forward is whether...

"What will be interesting to observe going forward is whether the short position reduces with the need for a CR squashed. It will help to establish whether the short positions were tied to expectation of a CR or something else"

Totally agree. With very little / no value attributed to any current drills or prospects and CR taken off the table there seems to be very few catalysts for any short-term downside to the sp, leaving corp action / takeover as the only rational explanation for the shorters.....which also anecdotally could explain the increase in downrampers on the threads. Games are afoot...and hopefully we don't get taken out too cheaply, but either way, bar a catastrophe of sorts, it looks like there is upside from here. Happy to hold.