Down 18% on the back of Wall st performance overnight? It’s a pity that the ASX does not issue a reverse speeding ticket on a positive announcement. The announcement was always going to be either a successful phase 1 or a failure. Positive or negative, no in between results. So if a positive result causes the market to believe that the company is valued at almost 20% less, the ASX should question what plays are in action to depress the share price so rapidly after a positive announcement.
What a play in NY ????, page-10
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