Current share price weakness more than likely caused by end of financial year tax loss selling. This provides an unbelievable opportunity imho.
Since April 2010 an advisor "AFG Ventures" has been looking at commercialisations options for Artimist. Refer page 4 of announcement;
http://www.asx.com.au/asxpdf/20100428/pdf/31pzv1q7k5hrtf.pdf
We are so close to Phase 3 being concluded.
On page 20 of the company presentation released on 29 March (http://www.asx.com.au/asxpdf/20110329/pdf/41xqc4h0zx2ycy.pdf) we have a potential price target of 40c per share which could occur in arelatively short amount of time.
Also notice how far along the curve EMS is on page 20 of the presentation in terms of decreasing technical risk and increasing valuation.
An unbelievable opportunity for a 20 bagger imho.
DYOR
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| EMS (ASX) Chart |
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