Except that both Moelis and Petra have been putting out price targets of over $1 for some time now - nearly two years in the case of Moelis and well over six months in Petra's case. I would suspect that the institutions would have become as wary as retail investors and be even more clear that they want to see performance. I'd expect them to nibble but not lots more until then.
I will repeat a comment I made a while ago - if you look at companies at this stage of Alexium's development the retail shareholder's belief system and thus support is critical for the share price. It might not mean a lot in terms of real performance, or the longer term but Boards at this end of town will actively use that to try to drive the share price - even though the theory is that they "don't worry about the share price"
There are many reasons that they do care - it may include the thrill of being a market darling, their own shorter/longer term plans for the shares they have accumulated - either direct or indirect, whether they have any encumbrances on their shares etc and whether they are trying to prepare for a cap raising.
So when we get excited or relieved the price goes up and when we are anxious the price goes down. It won't actually mean a lot until there is a level of stability in the data we get. We made a lot of Taurean's graphs but they were based on data that proved to be unreliable, so any predictive charts based on past trends couldn't be relied on. I look forward to the day those same charts can be drawn with a lot more confidence. Till then we are speculating and the company appears hopeful but if it had confirmation of these figures we would have had a market announcement.
parsifal
parsifal
AJX Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
