The price is so close to the SPP that it is better to buy at market and be assured that you get what you want. Let the underwriter take the bulk. That are already selling at a few pips profit. Last December 2020 we had the SPP and after 2 weeks of dust settling the SP went from 1.8 cents to 3.4 cents in early January 2021 as we were well funded and the underwriter must must have played the market to sell higher. The Sp then reached 6 cents in June as trials were going to commence in 6 months. The Covid delay rocked the SP. After this SPP we will have so much cash and one more asset that we could touch 5 cents before Christmas. And up we go. The main risk is new virus strains. I now hold 3.5 million options and 2.5 million shares. The shares don’t worry me but if there is no action due to the virus the oppies will be no good and there is not much liquidity in PABO to sell them. Tonight Dow will tell the story of how bad the fear of the new strain is.
PAB Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
