RE: Let this sink in....16 Dec 2020 10:38
Great to see the usual lack of perspective being seen by many here today (from both sides) on this positive news.
Normal service then.
It seems pretty clear to me.
Why was this not done earlier? Because they were wanting approval, It was the preferred method of 'operating' in the U.S. and they have RNS'd this fact. Better to have approval, than not.
Why has the SP not gone into orbit on the back of this? They RNS'd their intent to do this already, so it is not 'new' news. If the approval had been given, yes, it would be a lot higher. This has been a good rise though, but with potential for more still.
Additionally, despite the good news, it is an intent to distribute. It is not a sales contract, or confirmation of sales. Again, if it was a confirmed order for 'X' units, the market would have reacted differently. So, still potential for this to go higher on firm orders, as well as approvals elsewhere.
Yes, it is good news. But how about some rational thinking?
I am hopeful of more positive news on several fronts, but this should be acknowledged as a good result, but with better to come.
Just my thoughts on todays' news. Feel free to ignore, as the 'us vs them' debate is not tiresome to read at all :-)