BNO 5.26% 20.0¢ bionomics limited

H.C Wainwright report Val 75c, page-30

  1. 593 Posts.
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    I get your position DDD. One bite on the backside is usually enough. Unlike you, I didn't sell out and I thought it was a buying opportunity when it was down around 11c - 12c. Of course, one would buy if they felt it was a good decision (and one wouldn't if they thought it was a bad decision).

    Anyway, I took another look at BNO over the weekend. I tried to forget the history and I reviewed the analyst's reports (which I think are mostly on the high to very high side for valuations at the moment) and I looked at it as a "new investment for the portfolio". It looks as though I'd buy some BNO at these prices (on the basis that it is "new" to me). I hasten to add that I won't because I have got enough of them and I have found a comfort level with the SP at 22c - 24c.

    Of course, I should have bought some at 11c. I'd be kind of happy selling them at 22c now. I hope I don't say something like that in a few months time about buying some at 22c and selling them at, say, 33c. GLTA
 
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