cotton wool or stainless steel friday, page-133

We didn't get a reversal today. Being Friday I guess.

We had almost the same trading pattern as last Friday 2/12 (2.7-3.2) but with only half the volume (60m/110m).

Trading range is tightened from 0.8 yesterday to 0.6 today.
Volume 60m which is roughly 25% of the previous 2 days. Indicating further consolidation on the support base at +/-3.1c.

60m vol is still quite high for ANP from the past trading vols. We need to see the ST volume coming down for the SP to move up meaningfully.

Until further news or any other 'activities', we could be side trading with lower volume for the next 1-2 days in the 2.9 - 3.5 range until the expected news are announced. However, a quick move up to mid 4 to 5 is on the card once the vol settled.

News expected could be:

-Funding for Phase II (could be from ISIS, Other investors or Tempo)
-Phase II trial commences (3 months trial. I hope preparation work was done during the wait for Phase I result to fast track it)
-Prof Cohen result on anti cancer properties of ATL1103 (if positive, a new line of trials and licensing may be on)
-Afandin ATL1101 funding and JV deal (latest Jan 2012. This will be spinned off as a separate company as announced previously)
-Potential Licensing of ATL1103 for other application other that Acromegaly (As ANP wants to keep Acromegaly development, licensing for any other drugs that may be benifitted by ALT1103 could be considered )
-Potential partner for ATL1102 stem cell indication and ATL1102 stem cell patent approval.
-Offer from other Pharma that is 'too good to refused' for ATL1103

I hope there will be at least one of the above news before Christmas so all holders can truely enjoy a great end to the year and will have a even bigger year in 2012.

IMO, ANP should and would be trading at MC 50m at this stage of development.

JIMO FEO DYOR

Have a good weekend ALL HOLDERS.