To the pessimists: Granted it was insignificant volume overnight when it moved almost 10% but imagine how much it will move on high volume especially when Benitec's new big pharma partner buys on market to show their commitment to adding value and building momentum. My estimate: 100% ++.
And to those who doubt management's latest assurances I would remind them what happened to the boy who cried wolf. Greg West is extremely well regarded in his other roles especially in the International education (IDP Education) industry in Australia. He is no fool and is not likely to be associated with fraudulent or misleading claims made in the public domain.
Don't be fooled but current market malaise which has affected ALLnasdaq-listed biotechs. Things will turn and this is the optimum entry point for life changing returns.
Good luck to all holders.
BLT Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
