Jonesi, good post. And the reason I'm convinced it's the more "wretched" of the two options is that pulling the "miracle rabbit" out of the hat is 1) improbable and 2) couldn't be kept under wraps to any great extent (if it truly were the "miracle" of the magnitude which neom would need it to be to be redeemed). In other words, if there were magnificent glory in the works, the share price would at least be hinting...
I really am honestly surprised that there are still folks here who have been here for a good long while who still see "signs" of neom success in any and all barely-tangentially related news stories (i.e. "World Loves Mobile Phones - Billions to be Sold in Years to Come").
There's something very pathetic in all of this. Especially the die-hard hangers on....