Lol, the company can release the most fantastic results in the world and there will always be a few who are angry if it doesn't translate into an immediate SP rise.
This is exactly the same situation as when the company did the RI and everyone was predicting the SP would plummet on the day the new shares came on market. As it turned out I think it was our biggest 1 day increase ever. Reverse the situation and everyone thought that the SP would rise dramatically on the day the company released encouraging Phase I results and it just stood still…….
On the back of the trial results my valuation of the company went to $600 million or around 50c a share. I bought some more at 16c although now have no funds left to invest otherwise would be buying everything on offer at 16c which is a bargain in my opinion. Not advice.
updated ballieu report - target range 25-55c, page-58
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Last
$17.05 |
Change
-0.300(1.73%) |
Mkt cap ! $327.7M | |||
| Open | High | Low | Value | Volume |
| $17.00 | $17.44 | $16.95 | $184.6K | 10.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 191 | $17.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.50 | 500 | 1 |
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| Last trade - 15.59pm 19/07/2024 (20 minute delay) ? |
| AVR (ASX) Chart |