The biotechs have been living in the shade of the resources boom...

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    The biotechs have been living in the shade of the resources boom of late but quite a few have come off their lows of late culminating in BLR's stellar rise(shame I
    wasn't on it).
    So which down-and-outs could be the next to run?
    Here are a few that are hanging round their lows:-
    SOM - Somnomed actually has an FDA approved
    sleep anoea device but is trading at 2c
    NAL - a recent company announcement stated that
    their holding in a subsidiary is worth 10c a share alone
    while they are hanging around 6c.
    NRT - this one is a mystery to me - it traded at $8
    a few years ago and has fell to under $3 on only
    good news(IMHO) such as the FDA approved trials of it's cancer traetment drug and it's chairman recently announced that it was "extraordinary value at these levels".

    Any more?

    N.B. As you may have guessed, I hold all 3 of these
    stocks so don't take my word for it(I am not a financial
    adviser) and do your own research.
 
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