Checked this out with Percy Lomax today and there doesn't seem to be anything in it. He is talking to some big names but at present Pfizer doesn't seem to be one. My guess is that he won't finalise a licensing deal until production is sorted around the summer.

The good news is that he is being contacted by a number of institutional investors who are looking at advising clients to get involved. I don't think we've seen any of this money yet as no large trades. However the small trades are mounting and with this momentum and price increase with luck some of the bigger players will get involved.

I attended the conference just before Christmas and was encouraged at the number of private investors with reasonble size holdings who are all in for the long term. With a big chunk of stock like that not coming to the market hopefully it will create a shortage as more buyers appear and that in itself will push up the price.

All this aside from the fact that the potential value of Collostinin as a pharmaceutical product is massive.

For those already in, I think it worth holding on as impressive news are on the way.

Neutral (Medium term) - Jan 12, 2004
Has risen 271% since the bottom on 2 Apr 2003 at 0.88. Has broken up from an approximate horizontal trend. This signals a continued strong development, and the stock now meets support on possible reactions down towards the ceiling of the trend channel. The stock has support at p 2.34 and resistance at p 6.40. Poor liquidity (traded 100% of the days, mean 6.12 mill per day) weakens the analysis.

Do have RGT on my monitor.

Best Wishes,

Sue.

I make volume about twice as many buys and sells and would have thought that all trades should be in by now. Transactions seemed to be about 11 buyers to every seller. Strange that price dropped this afternoon- hopefully just a market maker treeshake but it didn't seem to work.

Good news that there is this sort of volume for the day as at least we're active and hopefully we have lost the profit takers along the way without the price dropping back too much.

Hopefully tomorrow my be a very fruitful day seeing that my screen still showed reasonably large buys going through at the end of the day 2x250k 1x190k