Australian (ASX) Stock Market Forum

RBY - Rockeby Biomed

Bullion said:
And dropping...
Not surprising as a lot of people would still be playing this stock as day trader and not look at the mid term potential. There are some quick buck to be made on this one as well. I still think this announcement is extremely positive for the future of RBY :)
 
No support dead in the water.

The news is not being accepted by the market as a price driver.
Im in and out with a loss.
 
Gotta say I`m more than a little surprised that the market hasn`t reacted better to this news - sounds very positive to me.
Could it be that too many have been burnt by other biomeds in the past - like Chemeq, and others who have promised so much but failed to deliver?? The confidence just isn`t there anymore for this sector?? Maybe with the exception of the major biomed players.
Or is everyone just invested to the hilt on resources?


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As my mate Bob says `I got mixed up confusion, and it`s a killin me...`
 
I am a bit surprised too. Joint venture I guess might be seen as a far of prospect of some future big profit and the market is waiting for some sale now. That is the only reason I can see. Anyway if this deal comes to life it will generate some huge sell so it is for me a question of wait (hold) and see
 
constable said:
Fab you've posted so much on this stock i went to look them up and i punched in fab! I can tell you your not listed! :)

Fab has posted so much on many other stocks 2..... he gets a bit more excited than me :p: when he's invested in anything.... :D
 
Some reasons for the response...

(1) Market just doesn`t trust these guys - that`s all... not to mention (2) we need some real bird flu action (i am still a skeptic - sorry... 10 years ago Ebola was going to kill us all...)... (3) it`s just a test - and one of several on the market (i am led to beleive)... (4) the Chinese have more of a hard on for immunising chooks needlessly rather than testing them (that`s what got us to where we are now - H5N1 got to be such a problem because the a-holes in power back in circa 2001 administered antibiotics to vulnerable flocks (against best/responsible world practice) - leading more virulent fowl borne strains) - who`s to say they won`t do it again... (5) It`s an MOU - can still fall on its tuckus...

My few cents...

Edit: Looks like some people are gonna experience discomfort sitting for a few days...

;)
 
SevenFX said:
Fab has posted so much on many other stocks 2..... he gets a bit more excited than me :p: when he's invested in anything.... :D
True I get a bit carried away some time :)
Note that I never said that this stock was a sure winner but I think that at this price it is a pretty good bet specially if they can sell more of their quick test in the near future that should drive the share price up for sure
 
Gotta say I`m more than a little surprised that the market hasn`t reacted better to this news - sounds very positive to me.
Could it be that too many have been burnt by other biomeds in the past - like Chemeq, and others who have promised so much but failed to deliver?? The confidence just isn`t there anymore for this sector?? Maybe with the exception of the major biomed players.
Or is everyone just invested to the hilt on resources?

I wouldnt be surprised if thiers still many an unfortunate punter who got caught high last year when the tests were first announced.. also there's been a few placements on the way down etc.. will be tough going unless they started showing dollars
 
tarnor said:
I wouldnt be surprised if thiers still many an unfortunate punter who got caugth high last year when the tests were first announced.. also thiers been a few placements on the way down etc.. will be tough going unless they started showing dollars

I agree with this statement that is why the recent sales to Indonesia and Romania are very good sign. China is another good step toward the right direction. This stock will remain very volatile while we wait for some more big sales which are likely to come from Indonesia at this stage.
This annoucement about the joint venture was expected in December so I expect they are a bit ahead of schedule.
Remember the market is not always coherent so in the mid term I believe we have a winner here.
 
Here is another customer for RBY:

Ivory Coast records bird flu case
From correspondents in Abidjan
November 24, 2006
AN isolated case of bird flu has been discovered in turkeys in Ivory Coast, the first since the last outbreak in the capital six months ago.

"Results of samples ... from two turkeys that died November 9, made it possible to detect on November 17, an isolated case of avian flu caused by the H5N1 virus," the livestock production ministry said.

The tests were carried out at a veterinary laboratory in Bingerville, near Abidjan.

The two turkeys came from a livestock camp on a village on the outskirts of Abidjan.

Health and sanitary measures have been put in place and people exposed to the birds are under medical supervision, said the government.

The Ivorian government announced in early September the end of a ban on poultry imports that it imposed in May after bird flu was discovered near the economic capital Abidjan.

After containing the outbreak in June, the government authorised the reopening of the city's poultry markets shut since May.

To eradicate the virus, a large-scale disinfection of affected poultry farms, slaughter houses and the market itself was carried out.

Some 2000 domestic fowls were culled and authorities ordered 12 million doses of animal vaccine to halt the spread of the H5N1 strain of bird flu.

The strain is consistently lethal to birds and has also killed more than 150 people worldwide since late 2003.

The Ivory Coast's poultry sector counts some 30 million fowl, generates more than 60 million euros ($100 million) in revenue, and employs 15,000 people.
 
Another bird flu outbreak was announced over the weekend. This opens new prospective markets for RBY.
 
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