rocketing ahead, page-14

Macq. Bank is rumoured to value CMQ at $14.

If true, then we have 3 valuations: $12,14 and $20.

Say, the mean is $ 15.

If one wants to be very conservative, take the mean of $12 and $14, ie $13.

Current price about $4.70.

I have been in Biotechs for about 2 years now and was lucky to strike NRT, VCR, CMQ and UNI. Yes, returns have been extremely good except for PTD.

Based on that experience and taking a conservative stance of these valuations, we really ought be getting closer to $6 by now.

That shouldn't be too onerous really and that would still leave plenty of prospects.

Readers, please do your own research before deciding to buy, hold or sell any stock.

Gerry