We all need to calm down, folks.
This has the stain of hedge-funds being all over it.
It's what they do; and what they revel in.
Any opportunity to go BAM! as the latest announcement has provided them (as it is open to interpretation), that is precisely what opportunists were born to do.
It's just a matter of moving the supply side to the right, and the further to the right you are able to move it (by flooding the market with borrowed shares), you literally ensure that equilibrium gets pounded down, to lower and lower price levels.
It's the oldest trick in the book.
Personally, and I repeat, Rogers was not the right man to take this company forward. I believe Turnbull (in full view of her own significant personal holdings) has made exactly the right call.
Only time will tell. But if results go the way we expect them, then leading up to that fateful day, we need a CEO who can unleash that potential to big pharmas and instos alike, and who can then harness that and turn PRR into an Acrux, a Mesoblast, or, just like a Brian McNamee, a CSL.
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Last
40.0¢ |
Change
0.005(1.27%) |
Mkt cap ! $581.0M |
Open | High | Low | Value | Volume |
38.5¢ | 41.0¢ | 38.5¢ | $1.351M | 3.389M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16911 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.5¢ | 234416 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 28204 | 0.420 |
6 | 39134 | 0.415 |
2 | 4491 | 0.410 |
9 | 47096 | 0.400 |
3 | 53782 | 0.395 |
Price($) | Vol. | No. |
---|---|---|
0.375 | 1649 | 2 |
0.380 | 6261 | 4 |
0.385 | 1985 | 2 |
0.390 | 86573 | 2 |
0.400 | 250000 | 1 |
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