QRX 0.00% 2.8¢ qrxpharma ltd

Sounds like a step in the right direction. See what i did...

  1. 1,057 Posts.
    Sounds like a step in the right direction. See what i did there??

    I noticed the bot too. He's been there for a few weeks now. From what i can tell its buying but these things are notoriously hard to read. I could be quite wrong. At least he doesnt seem to be doing us any harm at this point.

    My view is that we will see the share price hit the 140-160c range before the AdComm meeting in Q2. My logic for this is that 1) the risks of there being another CRL are equal to or less than they were last time and 2) there's no risk of receiving a partial approval that reduces the size of the addressable market and future revenues (as is the case with PXS right now). I suspect many have simply been waiting for confirmation of the timelines (resubmssion, AdComm and PDUFA dates) before buying and the change in volume since the resubmission announcement last week supports this view.

    Lets see what today and next week brings. Quietly confident...
 
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