tain
The sp going up a large amount is due to underlying factors. This is called a re-rating based on several factors.There is no doubt, that this is a spec, but as prime objectives are met along the way, so this results in an increase in the confidence of investors and thus the ability for the sp to rise to such occasions.
I was not at the investor presentation(s) but can only speculate that enough smart people were suitably impressed with the business model in place, that they didnt look back, at where the sp was 8 weeks ago....but where it will likely be in the future..
phil.
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