BOT 4.76% 33.0¢ botanix pharmaceuticals ltd

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  1. 807 Posts.
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    Thanks for posting. I agree with you in principle, generally. As long term investors we shouldn’t be too bothered if we understand the underlying value proposition. If we had invested in a business with great prospects and which didn’t publish its perceived market value on a minute by minute basis we wouldn’t be thinking about this at all.

    The issues are:

    1) Psychological - it doesn’t feel good. We aren’t having our decisions validated.

    2) Also psychological - we’ve identified something we think is worth taking a risk on, made a call and held on - now others are getting in much cheaper. That’s annoying. Like someone pushing in when you’re lining up.

    3) Overall, I think a lower share price poses a higher risk for the company. Capital raisings, if required, are less effective, partnering opportunities leave us with less leverage.

    What’s the antidote? Patience and faith in your own analysis I guess - and DCAing if you think your decision is still right.

    Good luck mate (to all of us)and fingers crossed for something soon.
    Last edited by Justanovice: 06/12/21
 
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Last
33.0¢
Change
0.015(4.76%)
Mkt cap ! $597.3M
Open High Low Value Volume
32.5¢ 33.5¢ 32.3¢ $1.265M 3.862M

Buyers (Bids)

No. Vol. Price($)
4 129446 32.5¢
 

Sellers (Offers)

Price($) Vol. No.
33.0¢ 131308 2
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Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
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