I think you may overestimate what is "priced in".
BOT at 250mil MC with no fda approval does not get a look from fund managers. It is completely off their screens.
BOT at 1Bil MC with a recent fda approval, strong management and preparing for positive cashflow is a much different animal and meets criteria that more of the market can invest in.
Post-FDA decision price sweep, page-63
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Last
32.0¢ |
Change
-0.020(5.88%) |
Mkt cap ! $579.2M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 32.0¢ | $1.985M | 6.055M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 799885 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 142631 | 7 |
View Market Depth
| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| BOT (ASX) Chart |