RE: Under the Radar8 Sep 2025 23:45
The market is not clueless, its just cautious because non of the proposed deals are 'guaranteed' to be completed.
The rise today saw some traders being in a position to bank up to c100% profit in less than two weeks, along with others being 50% or so up. It was obvious that there would be profit takers when you consider that non of the deals are confirmed to be completed...yet!
Also, all of the 'proposed' deals are complicated, especially todays one, with different details like milestone payments and cash upfront 'may' be 'up to' $Xm on another, and no updates on Oncogeni since March etc.
All of these factors, and more, cause a bit of doubt, hence why some people took profits off the table during todays rise......they can always buy back in again, and quite a lot of serious traders would rather wait for confirmation to do so, even if they have to pay more for the shares, afterall, they've already banked a very good profit so can' t really lose.
Personally, I didn't sell any today, because I think that todays RNS basically gave a second strong hint that Lyramid is a done deal, the first being the 'likely to complete' comment in the extension RNS on the 28th Aug.
With all things considered, the potential here looks strong for the relatively short term, so I would imagine that any dip below 2p will be quickly bought in to...including a top up for me if the chance presents itself.
Todays announcement took the market by surprise, completely out of the blue.
Lets see what tomorrow brings when the market participants have had a little time to digest the current position, and the future potential.