Hi NT.Started looking at this one a couple of weeks ago.(Having...

Hi NT.

Started looking at this one a couple of weeks ago.

(Having put a certain drying tech coy on ignore, and thereby feeling much happier, lol)

Was wondering how to value this coy (from a fundamentals point of view). They have stated (sorry, not sure where) aggregate cost of research was $200m. At the time they were capped at that, so i thought the market effectively saying research was good but not ascribing additional leverage to it (yet). Seemed like a sensible medium term entry point if the tech had value.

Now the market is discounting the research, albeit the trickle of news has been good.

Good point to get in.