Folks: Firstly, A massive thumbs up to Ardea Team and...

Folks: Firstly, A massive thumbs up to Ardea Team and Shareholders. Today's announcement is truly a "company making" announcement. Don't need to say much as we all know why. I thought I will take the opportunity to compare the actual price action with the analysis that I did back in March.

a) The 70c Level (+- 10%) did prove to be quite a sticky area. We struggled to meaningfully breach this up until the cusp of announcement.



b) Now the second key level is that "90c to $1" level where we have a strong history of resistance - especially around positive announcements and positive macro forces. I am not surprised to see this level is holding up despite a very positive announcement today.

As promised I will have a rethink and reassess where we go from here. But good to see this level holding up. To be honest - I rather we move slow and steady than go up fast and fall down fast.