Spookfish Rated BUY Initiation Research, page-28

Imo the price of SFI is almost completely controlled by Endeavour at the moment, and depending on on whether Endeavour has an appetite for more shares or not on any day affects price movement. That seems strange when you consider how close SFI probably is to getting CASA/FAA approvals. Maybe the lengthy run up to that approval process and the "imminent" comments much earlier has meant there are many shareholders already fully invested and unable or not interested to buy any more. And there has probably been some selling caused by the frustrating delay to the announcement.
But regardless SFI remains my top pick for a rerating in the coming weeks.