Not surprised to see some profit taking today. SP ran hard...

Not surprised to see some profit taking today. SP ran hard yesterday, all in the last hour of trading!
The market will find a balance. Answer to ASX speeding ticket tells you a little more.
BIT would not be committing to phase 3 trials if 225 did not work! These trials are expensive.
IMHO with the Conference starting on 8th March, a current SP of 10c is justified.
Then a min 30% rise post Conference. A 50%+ rise would not surprise. Nor would a big Pharma agreement in the very near term. That would help with expensive phase 3 trials. BIT are closer to making headlines than many realise. Yesterday showed the depth of interest waiting in the wings.