You are 100% right. Bio’s are dead right now and at historical lows, that’s why they are trading at such ridiculous low valuations. TRP at -$4m EV
This is the best time to accumulate and when the sector heats up TRP will go up many multiples. The fact that TRP are fully funded for their phase III trials and don’t need capital is fantastic, no dilution for us.
Patience grasshopper, this is how to get the multi baggers, not by trading and chasing hot sectors & stocks.
My holding time for this stock is a bare minimum of 12 months, I’m not a trader, I’m an investor. Biotech sector will turn up, it always does, just a matter of time and patience.
Ann: Appendix 4E and Annual Report 30 June 2023, page-4
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Last
34.5¢ |
Change
-0.010(2.82%) |
Mkt cap ! $20.86M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.0¢ | 34.0¢ | $9.58K | 27.83K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11600 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 6296 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| TRP (ASX) Chart |