The long term buyers are sitting on the side just slowly accumulating , there is a lot of traders in the stock , and some short trading taking place in my opinion
I expect we will see a slow steady rise in the price and the stock tighten right up over the next 4 weeks towards the $2.50 mark
On the news of the us lodgment of the fda application in December/January , or the PBS approval in Australia around the same time I expect we will see another leg .
I think the Aussie PBS approval now the European approvals are already granted is a sure thing , .
As Dr Robertson stated this is the first Australian drug to go from discovery to approval , part funded by an aussie grant, there is no way the labout government is not going to use this as a record of the austrlain governments support of theaussie biotech sector
Trading will provide opportunities , but for the overall core holding I am confident Patience will be rewarded .
PXS Price at posting:
$1.44 Sentiment: LT Buy Disclosure: Held
