Been an interesting ride and for this one, not many others:-(, I've read it well!
If the US reacts as they did tonight, and why not??, this will probably set us up for +30c as a base.
There are fundamentals that support this view, as Mossey has ponted out among others, and I can only think that the quality of the team here and their depth and years of experience is what people are getting in for! Not the supposed 10 yr drug dev timeline..the drug is a derivative of many years of development and its platform is well proven.
What happens next should move us into another realm of support. WHen that happens I'm not clear on but it certainly will be within months for the next substantial announcemtn on the next steps for CS-6 and its next evolution...CS-6XX!!
Anyway I think the US will appreciate their ADR's again and I certainly am here to enjoy watching...again!!
Jazz
NRT Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held