There has been an idea for a while that the sp will run up prior to results. But following many failures this currently isn't happening. The same thing started happening with specie oil companies with huge reservoir potential, as a run of dusters occurred in that sector.
And of course there are some traders who try to jump on board just for this rise.
Other than hunter hall, acl is really at the whim of the Aussie investors and Aussie biotech investors at the moment. This could change if we get a great result. Whilst the initial sp rise might not be enormous, there will be a gradual shift to investors from further a field, bigger funds and pharma companies.
If we get a great result the best policy will be to hold and let your profits run imho. Don't underestimate the value that we have.
Whilst the Australian market might not value Alchemia as a multibillion dollar company, the global value of its technology will attract a global valuation over time.
This could actually be the spark that ignites the Aussie biotech sector. With neu hot on it's heals, this could be a huge time for the whole sector (although there are still lots of dudes out there imho).
A big week coming up!
Cheers
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