samwise
I don't think today's decline has any significance at all.
The rise from 23 cents started on 1 Sept after the 10m trade went through and also anticipates the expected release of the 210 GAD trial results.
If we had closed today at 28.5c nobody would have thought anything of it. We closed at 27.5 because about 70k shares went through at 27.5c in the last 15 minutes of trade. 70k shares are worth about $20k, which considering the market cap is $132m isn't even a rounding error.
Today's fall could easily reverse tomorrow.
Overall I think that no one in the market knows what the 210 results are and that senior management only have an educated idea, but they probably have not seen all of the data.
Everything depends on the results.
Hoping and holding.
K
BNO Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
