That’s a great post and I find myself agreeing with so much of it. Me averaging-in again at these levels and below is clearly just a gamble. I don’t think Paul Rennie will change in the slightest. He has revealed himself to all but the most wilfully blind holders. I just think that the SP could rebound despite him, from the level it is currently at. We’re hanging from the neck, but I just think we can maybe reach a stool with our toes. I definitely don’t have a bullish outlook here, there’s nothing blue-sky about our situation. What we have is a AU$80m market cap and falling. All i’m gambling on (I won’t call it investing) is that there is intrinsic value in this opportunity above the market cap figures of the period ahead - and especially if FDA green light Phase III 2x2. Even if we have to double our SOI, triple it, I think a funded PAR with a Phase III green light is worth between AU$500m-AU$1bn baded on anticipated results (remember I said fully-funded). So if they get to do a Phase III trial by hook or by crook, these levels can be worthy shopping for anyone like me who is hanging in for grim death. I’m not trying to convince anyone i’m right. I’m certainly not trying to get anyone to follow me in. It’s a gamble, not thing more.
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