Another Quiet Day5 Oct 2019 19:00
Yep, none too surprised, I think this drop since Thursday where we saw 2.3m buys has frustrated us all., certainly has frustrated me.
So weird nobody really was selling around 7.12, now all of a sudden we see a 203k sell at 6.50 amd a few others too. Never will understand this market. We might just get a rise on trial patients dosed and end up 7/7.50 where we were on Wednesday. Level 2 has no real meaning unless you do a few dummy trades. With all those large buys going through we never threatened to get past 7.50 on the ask nor fall below 7p on the bid. Don"t feel like blaming the BOD as some do, nothing has changed apart from a few good RNSs and a decent AGM.
Got no choice as it is to see how the market moves, not selling at this level with an average of just under 15p. With what we know I was hoping we would slowly rise towards double figures, but here we stand 6.50/7 again. It is key we get MOD1 in trial by June 2020, and hopefully SCIB2 trial underway by the end of 2020, where we will have trial results from SCIB1 trial filtering through, and then we have TCR and the third platform which could bring the news we want to hear, and what is weird too is we have funding in hand till early 2021, so on the face of it we are better positioned than at any time before.
Just one question I have asked a few times before, if we have funding ok to early 2021, what is going to pay for MOD1 trial end of H2020?? Anyway chins up.............and keep punching. ATB C7, have a nice weekend.