With them selling at every good announcement (there has been so many lately) and botting/trickling shares away at every given day. Then what hope is there of the share price moving up from here. I'd hope they have finished doing what they are doing. Cause our little Aussie market probably wont take too much more. Maybe it really is a good idea to list on the Nasdaq.
Our price is probably capped at around $1.25 now, due to the millions of options given out (we don't really need them dropped on our heads after the other 14 million plus shares coming out) at not much more than the capital raising price. Though more money in the bank when exercised. Would of been nice to give the options a target of $2.00. But all that is done and dusted along time ago.
Least they could do is let it go for a while and see what realistic valuation our little Aussie market can give Benitec. I guess we can all go back to sitting on our hands.
My target at this junction would be at least twice to three times the price we are now with all the good news and peer evaluations higher than ours. A 200 to 300 million market cap wouldn't even be double checked with what is on offer here.
Good luck.
BLT Price at posting:
75.0¢ Sentiment: Hold Disclosure: Held