I traded this one on last announcement - as day trade. Put this...

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elit

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03/04/16

13:58

Post #: 17410403
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Originally posted by Fingers xed ↑

Hey Lifeistoshort , I was advised by Michelle Miller herself , Benitec would struggle with their drug , and hence was no surprise to me that Benitec withdrew . Had nothing to do with the supposed crowded space that rgc speaks of . I spoke with my chemist the other day , who is a holder of BIT after my recommendation . He is on BIT because it will be a winner . Why would a chemist buy into BIT , surely he knows the drug market . Anyway Gileads drug is on sale in Australia of $64,000 per course . The distributors are asking for cash up front , no 30 day credit . He suggested he would hesitate ordering in as if he had 5, 6 or more patients roll up at once he would need to fund the $400,000 sale with no margin . With no guarantee to be paid by pbs . Great politics yeh .
There is still plenty of money to be made in the Hep C market . Our stock market has got it wrong for now . Just take a look at some of our other biotechs .

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I traded this one on last announcement - as day trade.

Put this one on my watch list as HIV trials mid year seem interesting and maybe might attract a bit of interest, but bit of time away yet so not interested in holding yet.

Assume this is next major piece of news on this stock....capital raising probably needs to be done soon with just over $3m at end of December and cash burn of about $1m per quarter....pre or post HIV trials I guess is the question...

My two cents worth as seems interesting stock and trying to work out how interesting...

BIT Price at posting: 6.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 2.0¢		Change 0.001(2.63%)		Mkt cap ! $17.59M

Open	High	Low	Value	Volume
2.0¢	2.0¢	2.0¢	$2.95K	150.0K

Buyers (Bids)

No.	Vol.	Price($)
9	1639605	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	229686	3

View Market Depth

No.	Vol.	Price($)
9	1639605	0.019
11	2301165	0.018
5	688000	0.017
10	1492350	0.016
5	760000	0.015

Price($)	Vol.	No.
0.020	229686	3
0.021	188000	3
0.022	600000	2
0.023	323000	3
0.024	255035	3

Last trade - 10.58am 13/11/2024 (20 minute delay)

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