re: Ann: Change of Substantial Holding - Corr... My reading of things is that the share price will need to rise if company wants Market Cap as leverage for a future buyout. Therefore it's in no-one's interest to see the SP languish. (Except future buyout consortium/company).
Top 10 holders are aware of this and given the significant recent exposure and progress, there are plenty of reasons to stay in there for the duration.
The SP averaged 50 cents through 2006 with 108 million shares on issue.
Today there is double that, however the company is close to proving cash flow positive now.
Also, with many 'balls in the roulette wheel' the odds are stacked re. significant royalty generating discoveries in the next 36 months.
The recent awards and Biotech stock write-ups haven't been idly dished out amongst hundreds of competitor bio-techs. This is both ground-breaking biotechnology at the leading edge and a well run company to boot.
I guess short-term memory loss goes with short-term investing.
Each to his own. Share price fluctuations 'scare the living be-jesus out of me'
But I limit my screen time to cope with that!
Good luck to all present and potential (and former) PYC holders!
PatrickM
re: Ann: Change of Substantial Holding - Corr... My reading of...
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Last
14.0¢ |
Change
0.010(7.69%) |
Mkt cap ! $653.2M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 13.0¢ | $1.446M | 10.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 252759 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 113762 | 2 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| PYC (ASX) Chart |