Yesterdays mail reply from the MD has been interpreted as " Nothing will happen for a long time ". Therefore the sell down. We don't need a chart to see that many lost confidence as there are many bad examples of bio stocks which went bust. Unfortunately many throw ANP into the same pot.
SP will continue to go down until we get an ann that the market will interpret as great. I sold today what I bought yesterday as it was obvious there is no follow up after the try to get the 2 c wiped.
Will see how low the impatient are prepared to go. I just hope that any deal, initiated by the management, is not sp related. That would be a huge blow. But I go with SRF who has the opinion that it will be 100% results based.
Yes, it is a pain to watch sp going down. But once it goes up again we all will regret that we did not buy below 2c.
Believe me, that time will come, just when is the question.
I hoped for an ann at latest mid January, now I don't have any expectation regarding a possible date.
Will now activate plan B, buying as low as possible.
ANP Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held
