The consensus opinion seems to be that with a +FA announcment, that the keys to the kingdom will....if not be in hand, they'll at least be within reach. BP will come calling, investors watching and waiting will take the plunge seeing a go ahead from the DSMB as significant de-risking, and the PPS will be bid higher.
If I have it right so far....how high are y'all thinking? Back over $2....to $5....Dare we dream of $10?
Could it be however, and while I do ascribe to the above theory....I think the possibility must be allowed, that even with a thumbs up on futility, perhaps we could be disappointed again. Perhaps BP might still take a pass, or find the asking price too high....perhaps those investors sitting on the sidelines watching and waiting, maybe they aren't there, or not in significant numbers.
Even with a +FA we're still over a year away from BETonMACE being completed....
Thoughts?