my take..... The announcement says they have a good ok world class candidate but they are going to keep working on finding the best candidate. So that means a few more months before the real action. Many will just wait for that. Essentially this is actually a mini update and the main game has been delayed for some reason as I think they were expecting to have screened them all by now.
so we wait, the market will wait as well.
bugger.
BUT, as we now have one candidate that is better than everyone else, we cannot NOT succeed now so this is a great buying opportunity. The risk has been removed. Others will work this out in my view over the next few weeks and buy in. Noone should be selling at these levels.
PYC Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
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