Its disappointing of course to see the share price here .And I...

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ohisay

33 Posts.

04/01/24

13:31

Post #: 71724691
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Originally posted by pds1961: ↑

CP, anything is possible with this speculative stock.

Biotechs have taken a beating in the past 2 years, however some recent early signs of a slight turn around.

The fact that institutional investors have put in $10M is encouraging. They wouldn’t invest with eyes closed and one would anticipate they have done due diligence. Who knows whether they are truly long term, or a chance to make a profit in the short term. The potential of good news from clinical trials is genuine. Perhaps they have confidentiality clauses as part of their investment deal and have a greater appreciation (direct knowledge) of the strength of what the company is doing.

If you look at other recent biotech CRS like IMU and CHM, the SP took a battering falling below the SPP offered, but since recovered. Was that deliberate strategy from the big end of town to shake shares from retail investors and accumulate? Likely for both of those examples, especially IMU.

I’ll be holding off until closer to the closing date. If the SP is below the SPP I’ll take the cheaper option.

I will only invest what I’m prepared to lose, or an amount that I don’t need in the near future.

PDS

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Its disappointing of course to see the share price here .
And I wont applaud the issuing of zero cost options by the BOD to Gary et al .

But a bit of perspective is in order here .
I thought this summary from * last year covered SNT quite well ..

https://unauthorised investment advice/experts/dr-borehams-crucible-investors-have-been-holding-their-breath-for-pharmaxis-rebirth-time-to-exhale/

SNT Price at posting: 1.9¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 4.0¢		Change -0.001(2.44%)		Mkt cap ! $48.95M

Open	High	Low	Value	Volume
4.1¢	4.2¢	4.0¢	$9.927K	243.0K

Buyers (Bids)

No.	Vol.	Price($)
3	108819	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	34118	1

View Market Depth

No.	Vol.	Price($)
2	100776	0.040
3	137765	0.039
5	834818	0.038
2	10526	0.037
4	347215	0.036

Price($)	Vol.	No.
0.042	34118	1
0.043	48344	2
0.044	45000	1
0.045	133423	2
0.046	70076	2

Last trade - 12.00pm 26/07/2024 (20 minute delay)

SNT (ASX) Chart

Its disappointing of course to see the share price here .And I...

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Its disappointing of course to see the share price here .And I...

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MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

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