We indeed clearly make progress !
Sure enough, share bounced off resistance at 1.5 and is currently regrouping for second attempt to clear that barrier.
As 1.5 cents were touched, options trade went into first strong buying activities this time round.
It all bears exciting times ahead.
Naturally JP and his soph friends do play this well as they have been doing it for years, but the build up in price and increasing volume paint an additional picture to the usual P&D.
We are witnessing, in my opinion, a rerating event with news regarding pipeline products RED and Savantac most likekly in the making.
The current buying not only signals the involvement of the usual broker houses, this consistent gradual buildup has the signature of larger market forces who might know more than the broader market.
To assume this is not far fetched as Crossmark, manufacturer and PNO are combined involved in this launch with news easily leaking between the pipeline, not to forget all the pharmacies which by now will be informed about the launch.
This starts to exceed my expectations for preann trading strength.
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Mkt cap ! $93.67M |
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Simon Kidston, Non Executive Director
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