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
39.0¢ |
Change
0.010(2.63%) |
Mkt cap ! $696.8M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 39.0¢ | 37.5¢ | $1.551M | 4.041M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 145579 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 856719 | 30 |
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| Last trade - 14.37pm 01/08/2024 (20 minute delay) ? |
| BOT (ASX) Chart |