RE: Time for a new 52 week high!15 Aug 2023 14:51
I see a rise coming when news from NICE is a couple of months off for CYP2C19.
Just have a feeling RF want this drop as far as possible right now so they can ask for the shares they're now entitled to having sold their 6.5m for far less than £2m (+ a bit). Once there's a 10 day Vwap that's at the 10 - 11p mark they'll hit the button and get their shares. THEN, I think we'll start to see news trickle in and a sustained rise all the way up to December. Like everyone else, I'm guessing of course but going on past sp action when AIHL news was on the horizon from NICE I think this is a reasonable expectation. One thing to say though is that CYP19C2 is potentially far bigger than AIHL so the rise could be even more interesting than we saw earlier this year.
For now however just hold on for dear life and hope mms don't help RF out too much or else we might see a really nasty short drop.