Based on relative valuations, I think the market is giving next to no value to Balatindi now.
Even in a shite market, this should not be down this much. What's really annoying is it's down on small volume.
The small volume tells me it's getting manipulated down. If there was a leak, it would be on massive volume.
Think about it guys, who benefits most from seeing this at a lower price before results?
I would not be surprised to see fantastic results, and someone come in with a TO bid using a shite weighted mean price over the past month.
I'm 99% sure results will be good. This drop is just smoke and mirrors.
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