I wasn’t suggesting his buying would be the trigger for a big re-rate (hence no rocket emojis). I stand by the comments that it will be well received and a signal though.
Seeing him present and having a chat with him during the Perth investor roadshow - he’s clearly a smart fella and he needs to be won over. I think spending so long in the industry, his starting position on all biotechs would be one of massive scepticism- he’s seen and heard all the wonderful promises before. The fact he has come to believe in Bisantrene I think is big, and when he puts some of his own cash up - those playing along will be encouraged to hold or perhaps even buy a little more.
RAC Price at posting:
$1.86 Sentiment: Hold Disclosure: Held
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