Anyone else in Renovo?

49p of cash, trading at 35p.

If Juvista is approved later this year then license fee of $825m in the bank
(approx 7 x current share price)

Rest of the pipeline thrown in for nothing...

hlyeo - yep - word is current cash is about 23-25p : i may well buy back in here monday from what i have heard:
1/ rnvo will continue and see if it is feasible to continue with juvista at all - major set back - however i would expect not due to the costs of continuing and the costs of the other trials due h1 2011
2/ Shire the jv have invested around 80M to date with rnvo and in fact there are whispers that Shire may t/o rnvo - i would like that if i can get in cheap enough again!!!
3/ rnvo will be wound up and cash back to share holders - which seems pretty good option also

all this should be decided pretty quickly - no more than 3 months imo

gla

To buy back in here you need to have your finger on the sell button 24/7

indeed - salient point driver

he who dares and all that.....

gibby
It didnt bounce but VAL had a good day 210% and so did RRR

driver - i must admit rnvo surprised me today - i saw l2 this morning and left it thankfully - went elsewhere and thankfully val did the business beyond my hopes - not unlike sar last week - so very good day hope you got some of that too - rrr yes great news great share - wont be selling up there any time soon - quite the opposite in fact - bmr was up earlyish today sold about half and bought back, was expecting more of ahh but hey ho - i hope you had a good day

will watch rnvo again tomorrow - but really it needs something pretty strategic like a t/o or they may need to wind up and return cash to share holder - we'll see
cheers

well rnvo been valued at 30p......

http://www.proactiveinvestors.co.uk/columns/broker-spotlight/4553/broker-roundup-gulf-keystone-petroleum-rockhopper-exploration-planet-payment-renovo-4553.html