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Also very importantly, no more authority left to place shares as per today's RNS: "The subscription was oversubscribed and the company has chosen to use the full remaining authorities to satisfy investor demand."
Really interested to see what is cooking here as this could go on a serious run.
DYOR
The freefloat is so tiny (less than 60m shares) that it creates the perfect storm IMO for a multibagger when news like today is released. He1 10 bagged in 3 days...REDX should at least 3 bag IMO once news gets out.
DYOR
Jazz is a huge partner to get into bed with....$7.5 Billion Dollars market cap : https://www.google.com/search?client=firefox-b-d&q=jazz+pharmaceuticals+stock
Only 60m shares free float, MM's are trying to hold the price down to collect cheap shares and balance their books before they let the price go. Expecting to see 30p hit shortly and then 40p and 50p as the day goes IMO.
Trying to free up funds from other dud shares to load up here before it flies.
DYOR
The SP almost always hits the placing price so I would not be surprised to see 1.5p this week IMO.
REDX Pharma has just released a massive RNS this morning, SP almost at rock bottom there 23p (almost 52 week low) , expecting the SP to double or treble there once news gets out.
DYOR
Current REDX market cap just over $110m, up to $880m deal with a $7.5 Billion Dollar US giant pharma, free float only 15% (less than 60m shares), 40p looks like a conservative target IMO. I would expect at least 50p IMO on today's news.
DYOR
Freefloat only 15% for public.
85% not in public hands and held by significant shareholders- could be a wild rise here today once news gets out: https://www.redxpharma.com/investor-centre/aim-rule-26/
DYOR
Jazz Pharmaceuticals is a $7.5 Billion Dollar Company-wow.....https://www.google.com/search?client=firefox-b-d&q=jazz+pharmaceuticals+stock