We're having a bit of trouble getting past this $1.00 psychological barrier. Nevertheless, it's quite obvious to me that the yanks are buying up on the ASX as the recent gap between buy and sell prices is not preventing a share price escalation. In addition, the volume in BNIKF over the last month is unprecedented. Those missing out on getting their orders filled on the pink sheets are now buying BLT. These new shareholders have realised Benitec's market cap is a small fraction of comparable companies north of the equator.
How silly are us Aussies? Selling out to the Americans just before a huge escalation. These new shareholders will be telling their friends, who tell their friends, who talk to their brokers, who talk to their analysts, who tell the masses. This little Aussie battler about to take on the big boys. The cracks are appearing, the seabed is about to shift, don't sell your shares before the tsunami hits.
BLT Price at posting:
99.0¢ Sentiment: Hold Disclosure: Held
