Agree this morning is the consolidation on volume that was required & the CR was a great way to manufacture this.
However, I feel it will only last a couple of hours. IMO this closes today green & very green which will be the beginning of its epic re-rate.
This stock has not really been held by the Insto community (I recall reading this somewhere - maybe * or something). The CR was an opportunity for some Insto's to get set with a teaser position on which they IMO will build.
The announcement today is very telling - ie - New Institutions from USA, Europe, Asia & Australia... The key word here is NEW.
Being conservative & saying it was only 1 New Institution from each region, that's AT LEAST 4 new institutions on the registry.
IMO the US & European Insto's will go crazy for this stock as it is ALREADY GENERATING REVENUE in Australia (for OA) under the special access scheme... There is a stock report in the marketplace out there that says it can do $25m revenue in Aus Alone before even the Phase 3 trials in the US are complete!!
Don't worry about daily or hourly moves on this one - IMO tuck it away & let the insto's rip it in to a valuation in the Billions
Don't forget that the active ingredient in the drug has previously been FDA approved.... the only difference now is that it's being re-purposed...
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Last
22.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $76.95M |
Open | High | Low | Value | Volume |
22.0¢ | 23.5¢ | 22.0¢ | $66.95K | 294.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 90092 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.5¢ | 25858 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300 | 0.235 |
1 | 4761 | 0.225 |
8 | 72861 | 0.220 |
7 | 93958 | 0.215 |
5 | 131050 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 35858 | 2 |
0.245 | 37318 | 1 |
0.250 | 55833 | 2 |
0.255 | 9785 | 1 |
0.260 | 26050 | 3 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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