BOT 2.70% 36.0¢ botanix pharmaceuticals ltd

BOT - Anything but charting, page-8928

  1. 2,775 Posts.
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    At 10k/day that would be 23 working days - that is 5 weeks during which time holders may change between short-term, medium term and long term.

    The brokers will trade and look after their clients (generally better than they can look after themselves) and I think they will be advising their clients to hold until BOT goes over the finishing line or at least puts in a quickest lap and gets pole position.

    But what is the finishing line/pole position? ... it is reaching a stellar quarter so that BOT has undeniably delivered and the share price makes a takeover for peanuts impossible. Then BOT goes for a reasonable price or continues progress into pharmaland. Thus I posit that the CR was a defensive manoeuvre.

    Note that both BOT and The Alternate Universe are well cashed up and likely soon to go cash flow non-negative, which means that each is a more attractive target as neither is likely to be a millstone around neck, and may auger well for the share price, making predation more difficult.


 
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Last
36.0¢
Change
-0.010(2.70%)
Mkt cap ! $660.6M
Open High Low Value Volume
37.0¢ 37.0¢ 35.5¢ $1.112M 3.081M

Buyers (Bids)

No. Vol. Price($)
17 370162 35.5¢
 

Sellers (Offers)

Price($) Vol. No.
36.0¢ 259115 13
View Market Depth
Last trade - 13.20pm 19/08/2024 (20 minute delay) ?
BOT (ASX) Chart
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