I know there is a lot happening at the moment, but we went through a period of hardly any updates and now updates are very frequent.
In fact this update says:
"The results to date whilst positive are preliminary in nature and are not indicative of the final outcomes of the planned long term production test"
Obviously there is a backdrop of a very low share price.
I cannot help but think they are trying to increase the share price and perhaps to keep a potential suitor away, or have a potential suitor offer a higher price.
Given the price is creeping up and there is a lot of shorts, you would think the shorts have to close out soon, which will further increase the share price.
Just my thoughts
STX Price at posting:
23.5¢ Sentiment: None Disclosure: Held
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