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37.5¢ botanix pharmaceuticals ltd

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LetoMax

1,799 Posts.

133

26/09/23

12:14

Post #: 70029266
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Originally posted by sameddie: ↑

With what we now know, being that there were no issues reported on the clinical side, ahead of the final sign off on June 24, the share price, all things being equal, should be above 18c. If you liked it at 18c with all components of approval being unknown, you should really like it now. The most costly and the highest risk component appears done.

Acknowledging of course that there is now a delay and some folks will price that in. Today that looks like 4c. The greatest approval risk and cost, being clinical, is done. That is information we didn’t have last week. We now do. Again, all else being equal, it’s logical that the stock trades higher into the next approval cycle.

There may have been a management oversight here, maybe they were a bit too relaxed and optimised, but it’s hard to pinpoint. If this is the case, it’s incredibly frustrating.

But once bitten twice shy, and I doubt Howie stake his career on what by his own admission, is not a complex task to complete. He will nail this.

I believe they will work harder than ever to make this right, will get it right, and it will be approved.

rock on.

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Yeah. so now the approval that was meant to be today will be in June 2024?????????????????????

BOT Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 37.5¢		Change -0.005(1.32%)		Mkt cap ! $678.7M

Open	High	Low	Value	Volume
37.0¢	37.5¢	35.5¢	$2.388M	6.527M

Buyers (Bids)

No.	Vol.	Price($)
1	31921	37.0¢

Sellers (Offers)

Price($)	Vol.	No.
37.5¢	132066	4

View Market Depth

No.	Vol.	Price($)
1	31921	0.370
1	110000	0.365
9	302204	0.360
16	733402	0.355
27	841749	0.350

Price($)	Vol.	No.
0.375	132066	4
0.380	158641	6
0.385	197636	9
0.390	144016	5
0.395	242923	7

Last trade - 16.10pm 25/07/2024 (20 minute delay)

BOT (ASX) Chart