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36.0¢ botanix pharmaceuticals ltd

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Nothofagus

534 Posts.

89

16/05/24

09:34

Post #: 73849949
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Originally posted by wilddman: ↑

It’s my belief that the sell-off this week is folks prudently (or otherwise) reducing FDA risk. While the risk is largely mitigated at this point, it still exists, and if over the short time horizon per the hartleys report you believe the full value is 33c, taking some off is likely sensible given the asymmetrical profile at 29c.

However, for those of us here for the structural multi year journey, the FDA announcement is a only a data point, one that no doubt has significant consequence, but that’s not the investment thesis. The long term thesis requires this approval, but extends far beyond it, and far beyond 33c (or the equivalent market cap).

for me, as it relates to BOT, it’s like watching a man walking up a hill holding a yo-yo. I’m watching the man walk up the hill, not the yo-yo.

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Great visual image of positive trading - sure beats the old Sisyphus version!

BOT Price at posting: 25.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 36.0¢		Change -0.005(1.37%)		Mkt cap ! $574.9M

Open	High	Low	Value	Volume
36.0¢	36.0¢	35.5¢	$256.8K	714.4K

Buyers (Bids)

No.	Vol.	Price($)
3	157908	36.0¢

Sellers (Offers)

Price($)	Vol.	No.
36.5¢	556009	10

View Market Depth

No.	Vol.	Price($)
3	157908	0.360
12	606403	0.355
24	1178181	0.350
12	325339	0.345
15	504774	0.340

Price($)	Vol.	No.
0.365	556009	10
0.370	430000	4
0.375	142000	5
0.380	590653	9
0.385	152032	6

Last trade - 10.03am 26/06/2024 (20 minute delay)

BOT (ASX) Chart