I just thought given the extreme rise-that the assumption had been made by a lot of investors rushing in,seeing the words,rather than the true substance(given the iv consumeable supply contract for this state is already MLA's).If there is more to it than that,time will tell. The last quarters results are what i'm interested in seeing.
If i'd have got out at 5c,i'd happily have bought the SAME NUMBER of shares today,for a free carry,having bought in on a longshot at 1.2c.Hopefully they justify the overnight 3.4c closing.Those qtrly accounts will tell me,whether or not the substance matches the new managements enthusiasm.Whether to buy or sell and at what price.
All companys have strategic plans-i'm less interested in $50m sales than i am in the business being PROFITABLE.As to Medivet here's hoping things do go to plan.
Cheers-hope this helps and nobody ends up burnt
MLA Price at posting:
34.0¢ Sentiment: None Disclosure: Held