I believe the bet here can be broken down simply: 1. Will EOS go...

I believe the bet here can be broken down simply:

1. Will EOS go above UP? Yes. That's too easy.

Now to the speculative tough bit, short term and catalysts:

1. The catalysts, contracts/work, are in the bag, but are they in the sp? I don't think so.
2. Will the sp dip below the placement's $2.91? I think it might, partly because of outside markets, partly because of general market lack of interest in EOS viz. daily volume.
2a. Will the sp go above $2.91? I think certainly, from soon to medium term and on. It's fundamental.

Currently shorts aren't an issue. Almost by tradition they gather around a placement; not yet, if ever:

https://www.asx.com.au/data/shortsell.txt

This could be a function of: a fine cr price; too soon to tell; they don't care; the risk-reward is not profitable enough...

For now I'm neutral about $2.91, and will stay pat. It then becomes about the dip -- IF it appears -- I'm inclined to BTFD.

OV