Speculations, page-244

Well, lucky us to have the insights of a veteran DRO shareholder. The great thing about your claim in the last sentence is that you will ofc be able to share a link to one of these announcements / articles from 2018 in which DRO refers to its 400m pipeline. Not that I doubt your wisdom (the longer one owns a stock, the smarter they become about that company, obviously) but really looking forward to checking out one of these announcements / articles (again, $400m pipeline, back in 2018).

Also, your fixation with the idea that any misalignment between sales(/order book) and share price = hype bubble (get out while you can!) is peculiar for someone who invested in a small cap like DRO several years ago. Are you familiar with the term 'speculative stock'? Or markets being "forward looking"? ]

I hold Silex (done pretty well out of it). The company basically hasn't sold _anything_ since it was founded over 30 years ago. And yet the past couple of years it's rallied hard – to the point where it currently has a mc of ~$1.2bn (again, no sales or contracts to speak of). Why? Well Russia invaded Ukraine, and it turns out the US has basically no domestic enrichment capacity – and currently gets almost all its nuclear fuel from a Russian company. The US wants to rid itself of that dependency, and it is _speculated_ that it might award a big ol contract to Silex to help make that happen. Nobody who was looking at SLX's sales would have made any money from this run - they would have just dismissed it as hype (or a pump...)