You're perhaps right that future results are already priced in, though I'm hoping not. Our SP rose from around 12c to 26c on the back of Phase 1 Psoriasis and the anti-microbials announcement. It dropped somewhat after the credit raising at 21.5c(?). Hovering for a while now about midway between those two. I'd like to think that a successful Phase 2 Acne could give us a 2-3X current SP? It's no small thing to get a successful Phase 2. It's pretty much the only thing on my Xmas wish list.
You're perhaps right that future results are already priced in,...
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