For a sustained reversal we need news, lots of it and with positive, actual results.
The last time SOR announced no news for an entire half was in 2019 when the only announcements for Jan to June were the obligatory quarterly and half year reports.
That was followed up by frequent updates from 1/7/2019 on the memory ink, Stealth updates including the start of work on the ASV for Honeywell and progress on Behemoth and Leviathan culminating in the lousy drilling results for Behemoth in early 2020 which ended the price resurgence.
This time around we are looking at updates on the Energy Ink, Stealth’s mining solution, posssible launch of Cognition Engines, and drilling of the Cyclops project and possibly the Leviathan anomaly.
Hopefully we can get a better end outcome with one or more of those showing significant results.
Market headwinds are currently against us with the small/spec end of the market under sustained price pressure so it will take a lot of positive news to reverse the present downtrend.
SOR Price at posting:
5.3¢ Sentiment: None Disclosure: Held
