Ann: Food-grade lupin protein produced at pilot-scale, page-47

Can’t see what has changed here since the TH other than that a week ago there was a chance of failure and now it’s been substantially derisked.

I was assuming success in the trial was priced in so didn’t expect a jump on the good result. On the other hand I also didn’t expect a sell down like we’ve had as there hadn’t been a big run up before results - we were only sitting just over $1 so the sell the news event has come as a surprise. Unless the market has spotted an issue with the announcement that we’ve all missed?