Funny seeing all the experts coming out. Those who have held for awhile know news is due here. Price will fluctuate as everyone has different targets. Some are in just for a quick trade but those who want bigger gains have the patience through the ups and downs. Accumulation has been going on and imo news is close.
Back up it goes, thought they could possibly backtest the breakout of 100ma from yesterday but they went abit lower and allowed the 8ema to catch up. All done now. Lets see what the afternoon brings. GLA.
Certainly not hot air! We all know they are in discussions for a deal and it could land anytime now. If you watched the price action over the last couple of weeks you would know accumulation has been going on and news must be close.
They have meetings going on this week and after a long time we have held above 0.1, seller possibly out or has decided to hold the rest. Decent buying going on from the get go. News by end of week or possibly next week. GLA.
Popeye and halfbutt, I think 12p will be seen at some point today. I have always thought this is something that will be worth in pounds and would like to see us get to 50p minimum before any deal is announced.
We should see the share price build in anticipation of news soon as no rns to say no reason for the rise. Something is going on and accumulation has been going on in the background. Any dips would be bought up quickly imo. Today we break and hold above double digits and possibly see 12s. GLA.
Some are asking for link about deal about where the deal is mentioned about 65p offered. Personally would ignore that kind of rumour as nobody will know the size of the deal until official news.
We can look at other deals that have taken place in the autoimmune space that have been mentioned several times by the ceo where deals have been over $1 Billion+ and get an idea of what we could be looking at.
Remember they have both therapeutic and diagnostic treatments where market is valued at over $100 billion and $10Billion annually. So the size of the deal for P140 will be pretty chunky as mentioned by ceo.
They are currently in discussions with many parties which include some top 10 global pharma companies.
I think over the last few months data has been looked at and something is at the table soon. GLA