I own several biotech positions and am always amazed how sleepy the Hot Copper forum is on BNO. In the last couple of weeks not only has the SP improved significantly but, more importantly, it has done this on significantly greater volumes than the stock normally experiences without announcements.
Ausbil is clearly increasing its significant position, but the increase in its holding does not explain all of the volume over the last two weeks so perhaps another player is in there as well.
My main interest is BNC 210 as it has the potential to be a bombshell. I think BNO is sensible to get out of its oncological products.
BNO Price at posting:
47.0¢ Sentiment: Hold Disclosure: Held
