Just looked at a yearly chart on comsec and compared to ASX, ACL is showing +35% and ASX +10%. What does this mean? Does this mean that before approval of an international life saving drug an investment of $10 12 months ago would be worth 25% more than if I invested in the same amount in the top companies this country has to offer.
Where is this "latest dump" and what exactly constitutes a "dump"? My opinion of a dump would be to sell down at any cost with a high volume. As there is only circa 200mil shares in Acl would I assume a dump would maybe equate to 10 -15% of issued capital? Cant for the life of me find a day when Acl traded those volumes.
I bleieve that Acl is a good risk in this environment. We are awaiting approval for fonda and have a substantial and thorough platform of drugs at various stages of development to follow.
Good luck holders and hopefully the staff at the FDA enjoyed their long weekend are are ready to pump out some approvals. TONIGHT!
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