BOT 2.63% 37.0¢ botanix pharmaceuticals ltd

Lots of chat. Lots of new holders. Lots of new views. for me,...

  1. 161 Posts.
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    Lots of chat. Lots of new holders. Lots of new views.

    for me, objectively two material structural developments.

    1. FDA approval
    2. Gigantic CR (long term balance sheet positive).

    both positive.

    much speculation about sales and this and that which while normal and sensible, we are only two weeks out form the big announcements, so give some time! While it’s important medium term, visibility on sales is months away.

    what do you think is driving the share price lower? Fundamentals? You’d be crazy to think that with
    with both funding and FDA secured in one swoop. Not to mention, a Proven management team, whom I understand many are frustrated with re: the timing and management of the raise. I get it. But a bird ($88m) in the hand and all that…

    Against my initial belief, it’s seems clear the raise went to some weak hands and that’s disappointing. But the stock is not trading lower because BOT all of a sudden sucks. It’s the opposite. The company is in amazing shape here. The current share price action is noise. Spivs puking the deal, and maybe some frustrated holders that were expecting better short term gains. Either way, if you’re patient, BOT may take you to the moon.
 
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Last
37.0¢
Change
-0.010(2.63%)
Mkt cap ! $669.7M
Open High Low Value Volume
37.0¢ 37.5¢ 36.0¢ $3.051M 8.277M

Buyers (Bids)

No. Vol. Price($)
3 465836 37.0¢
 

Sellers (Offers)

Price($) Vol. No.
37.5¢ 301865 3
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Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
BOT (ASX) Chart
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