RE: kod and ffx1 Oct 2021 09:17
I can't be bothered to analyse everything about that company to get the answer, there could be many reasons.
But it could just have been like Prem, constantly rising on nothing but hot air, if it goes too far then an event cannot add value as the market cap already exceeds value.
The deal you speak of was signed recently but the binding agreement was well before that and based on much lower prices.
It could have happened to us (but our shares would have gone up as our market cap was and still is, low) if it was not for covid and the delay.
Our market cap is so low that the worst possible deal would increase our share price. I would rather be in that position than sitting with a high market cap.