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It wasn’t confirmed just mentioned. Looking like it’s an option that may get implemented but no detail yet maybe more tomorrow.
No expert by any means but like to speculate, on nothing but technical's its looking like a move up with some resistance at 2.65p, not sure what tomorrow brings may drop back and then get bought into and end up positive for the day. Good support levels not much below the current price.
As restrictions slowly get lifted I can see the share price recovering to 4p+ (recent placing price) and may exceed this with the right news from Trinidad. Prediction of 4p by 19th May (no news) and bullishly 6p by 1st June (with an update). This would be a good basis to gather interest pre spud in Morocco. Cant see the point in selling at these levels when there is so much short term positives.
Volume very low yet level 2 moves on nearly every buy, I don’t see this taking much to break 2.7p. Steady rise to 4p placing price without news would be nice. Looking forward to Trinidad news, best time to buy.
Can see this testing 25p
Not many shares about
False 5% up atm meaning all the buys at 1.38-1.4 showing as sells.
Might have a sneaky top up.
1.5mil buy after hours, larger trades still regular.
Good time to accumulate here imo, attention still on Covid stocks.
1st stop 2-2.5p...within 3 weeks :)
I rule nothing out price wise if approval granted, double is on the most conservative side.
Price fluctuation here between 9-12p is normal and a very supported range either way will be difficult to buy after news, not a lot of free float.
Not many competitors around either and USA approved a drug with much worse side effects in an injection form. BP-101 much safer.
If approval granted which I don’t see why not (phase 3 trials complete, no safety concerns) then the share price here will be a lot higher at least double but likely more dependant in terms of commercials.
Other news expected is roll out plan for Europe and USA. Again this will have material effect on the share price here. It spiked to 25 plus on submission for approval to Russia.
Cash of approx 2m plus share holding in POLY of approx 500k? Worth approx 8.5m. So circa 10.5m in cash and assets which is higher than the market cap.
Basically you are betting on the drug approval which is in very good stead, this will a huge upside and minimal downside as the current share price is supported by cash and assets.
Good opportunity here imo.
If it does ill buy more..(if)