RE: Bonkers29 Nov 2021 15:56
I'm perfectly happy to wait but in the short term the price will only increase if and when LFT sales happen. Other than that, I expect it will be a long wait. I have shares in a US biotech with 16 drugs in the pipeline including potential cures for Hepatitis, cystic fibrosis and Hypertriglyceridemia to name but 3 with 5 of the 16 well into Phase 2 and the price has gone down from $90 to $60 over the last 10 months? Why? Because the market is not interested until any of these drugs gets to Phase 3. At the moment, as far as I know, Avacta has 1 into Phase 1.
Waiting isn't the problem nor is research but it why do people post such garbage all the time? It's like gold prospectors in the Wild West expecting to make a find every day!