So we have two punters stumping up a lot of coin to give sdx some funds. One of them, the afformentioned david williams who may have a holiday house at moggs creek judging by the investment vehicle name has certainly averaged down with this 6c placement. So why would you do that? Most talk about catching a falling knife - very sharp and little digits can be sliced off. My take on this is that there is something positive brewing and with david and the other crown now controlling about 17per cent - i could be wrong here but not by much - it could make it cheap as a takeover in the future provided that they secure something.
In the interim we all wait patiently for greater interest to be shown in this biotech minnow. No use talking anything up whatsover till we get some news.
SDX Price at posting:
7.9¢ Sentiment: Hold Disclosure: Held
