RE: Envelope back valuations2 Apr 2021 15:16
Talking this stock up, lol.
I don't think anyone assumes that a sale is inevitable and many have stated that they would rather go into production as it would give greater returns in the long run.
I think we all just want to see deals of some kind. A signed deal will enable financing to be worked out and should at least see some form of re-rate which I think will make people feel happier about holding.
Having said that the company mentioned, in their RNS, that discussions with the CRMC were in form of a JV so whilst nothing is certain I am not sure whether it's totally likely that any deal would simply be for supply to the factory gate.