Time to be brave here soon ?22 May 2020 12:18
This s/p is very low by most all definitions again now imho..
So currently an excellent buy and hold opportunity on a one or two year forward basis..
Accepting this is also very much a traders shares too :
To trade this well requires keeping your average price within semi touching distance of the current s/p as it falls, I've - successfully- found .. and so, after some reflection, I've added small again this morning and would now start adding bigger and bigger again by increment into any further weakness from here.
Given how close we are to the all time low - approx. 18- 20p new money range I think ? - all selling around these levels is selling at a loss.. and given the Boysies will all be close to totally out now and that the II's are not going to dump here as they'll see asset sale potential to be factorially greater than current s/p whatever, I'd GUESS that selling will not persist for much longer... and any sort of buying pressure in the 20-25 p range may not only halt the fall but might even facilitate some sort of a rally relatively quickly too..
This company has good funding again now and a drug that it can take forward to licence at little cost and multiple assets that could easily be worth a lot of money, individually and especially collectively....