BOT 1.75% 28.0¢ botanix pharmaceuticals ltd

I agree, I think many punters were of the view that for whatever...

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    I agree, I think many punters were of the view that for whatever reason the price would remain below 20c till FDA approval. This completely ignores the fundamentals and simply basis the fair value on a silly psychological price point. A real investor would ignore the fact that 20c is a pretty rounded number and would focus on just how big of a market the US will be for us once approval is achieved. We're getting 100% of the revenue and profits and prices will be deliciously high (but reimbursed of course)

    The rise through 20c should hopefully correct this incorrect view many punters have in relation to 20c, and will encourage them to buy on the basis of the fundamentals as opposed to a silly price point
 
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Last trade - 16.10pm 21/05/2024 (20 minute delay) ?
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