yesterdays sell off just looked like all the speculators off loading what they loaded up with in anticipation of some juicey news coming out in Part 2 to the CEO Bulletin - no juicey news arrived, so off they went in search of other SP spikes...
which brings me to me why they loaded in to start with - the most probable upside news would have been receipt (maybe) of the first payment under the PNG deal - any such payment would have assured the market that the deal had been squared away and just awaiting product delivery, which again would have bolstered the market knowing we could deliver
otherwise any other news would have been just a big bonus
now we see that HE certification has been put further back again - an essential part of our product suite being placed on the back burner, which also means we can't conclude any contracts involving HE ammo - so contracts have been placed back too it could be said
at this point I want to try some crystal ball gazing - maybe a futile exercise given the tastes-bad-in-the-mouth sentiment our company has created in the market, but the market being as fickle as it is will drink the Cool-Aid when it's next on offer, when we have some real news to report - so my crystal ball gazing questions are these:
1. if the next real news item confirms receipt of a deposit from the PNG government, where will that take the SP?
2. if the next real news item confirms an expected date for receiving HE certification, where will that take the SP?
3. or lastly, if the next real news item confirms receipt of the deposit AND an expected date for HE certification, where will that take the SP?
to question 1. i hazard the SP going to near 2 cents
to question 2. i hazrad the SP going above 2 cents
to question 3. i hazard the SP going abouts 5 cents
anyone else want to waste some time by chimming in?
good luck
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