Don't get too carried away guys - all you have today, unless you took even money, is a paper profit.
On the balance of probabilities there are two possible outcomes form the current scenario:
The DTs will dump and the SP will fall back significantly.
Or what we have witnessed is a step up to what we KNOW this company will be worth if positive trial results come in AND there is successful commercialisation of cVac.
My call is that we have seen a change which will be sustained awaiting the next bit of good news. there may well be some slip back but I believe that PRR is on too many radars for it to drop back to where it's been. The volume today speaks "volumes"!
Remember that we are about 13 years down a 15 year pathway - the pressure is building now, and IMO will continue unless there are negative trial results (which will almost kill this company - that's the risk and it's not insignificant)
In te meantime the DTs will play with their clever charts, but the journey Prima is on is nearly over (2 years) and the rewards are potentially so huge, that the holders will not allow them to manipulate more than a little.
My opinion - DYOR
already matching 13.5 massive buy depth, page-83
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Last
29.0¢ |
Change
0.020(7.41%) |
Mkt cap ! $421.8M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 29.5¢ | 27.0¢ | $1.138M | 3.985M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 63444 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 65000 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| IMM (ASX) Chart |