I went mad and picked up another 15k - never thought I'd get a chance under 80c again!
As I predicted, there aren't too many buyers, presumably because most people following Alchemia had already bought in. If approval was 80% likely, then it makes sense for the share price to rise 25% following it. Instead of over-risking approval, it seems to me the market is now over-risking fondaparinux sales - and under-valuing HA, too.
Volumes are still very, very low - 2 million shares yesterday and another 2 million odd today is maybe 2.5% of the shares outstanding.
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- added 20k shares thanks for the cheapis
added 20k shares thanks for the cheapis, page-3
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