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20.0¢ bionomics limited

You would think if it was bad today would be a better day to...

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pigman2

190 Posts.

14

01/10/18

10:18

Post #: 35944555
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Originally posted by doubledeckerdog: ↑

Thanks Windshift - the more I think about it, the more I think that downside is limited - even if PTSD results are borderline to inconclusive.

Frankly, I find it hard to imagine how they could be borderline, given the results from the GAD and other trials with BNC 210 that are already completed.

Those trial rsults were essentially all good.

My guess is that if PTSD results are good too, then it may be the last tick in the box for either a takeover or for a very significant licensing deal that will be actioned very promptly.

As to the share price, I think stock can run to 80c easily as an initial reaction to a good result.

The market may need to digest the news and long term holders will exit around the all time high of 80-85c.

After that has been cleared (and in the absence of a deal or a bid, then I would expect the stock to run up through the $1.00 level and then keep moving higher but perhaps with less momentum.

Anyway, no news yet and I still think announcement will be out tomorrow morning before 10.00am.

GLTA.

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You would think if it was bad today would be a better day to tell the market but who knows

BNO Price at posting: 50.0¢ Sentiment: None Disclosure: Not Held
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