I'm really enjoying the change in sentiment in all the posts over the past week or so. No doubt the sentiment has changed as a result of the climbing share price, which IMO is warranted as the thing was so far undervalued that it was a little crazy. Importantly, a >$250m mkt cap is a much better launching pad for the company when transactions, trial results and deals might be announced. I'm not saying $250m is an appropriate valuation (I reckon it should be higher but that is my view based on comparisons against the real world - the real world is not the ASX) but it is heading towards a much more appropriate number. Lots of buying (and much less selling) has a wonderful impact on the SP. I'd like to think BNO stays above $250m up to the next positive announcement and then takes another step upwards after that. GLTA
BNO Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held