SOR 2.38% 4.3¢ strategic elements limited

Time for SOR to SOAR, page-2

  1. 1,823 Posts.
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    Logic says it's a good chance its speculation about Honeywell negotiations which the company has been upfront about and are not obligated to release details until a contract is executed.

    IF it's that then it would likely mean revenue on the near horizon. SOR fully own the gig and so don't need to share profit. I also reckon that was why the institutional investor was happy to do a placement recently at $3M - their money was safe. They recently announced they were working with Honeywell to finalise a deal ASAP...makes sense because they successfully completed all testing of the ASV and Honeywell were there on site at the time.

    Otherwise people getting interested in a defence contract down the road? Or maybe simply another institutional investor simply taking a position??

    There would also be a degree of FOMO in the market as SOR is so heavily watched and people know how quickly it hit $0.90 in January this year. The other thing is the register is not really heavily diluted which also helps SP movement.

    Or it's something left field... Good luck all!
    Cheers
 
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