hmm well (playing devils advocate) we had a VERY good run up to the approval (well beyond where it was before the 2nd CRL, even with more shares on issue) and even from the last closing price before the good news (1.98): we are still 44 cents up. We’ve also weathered some relatively bad market conditions here in Australia, and of course there would be a slew of selling off into the good news too. All of that to say: not that I think the price rise is really good or reflects the asymmetry of risk we just had to go through (what if there was another CRL?).
I am expecting we will be back on our way up in no time, and the potential for good news on partnerships etc has increased immensely.
MSB Price at posting:
$2.42 Sentiment: Buy Disclosure: Held
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