Avita Medical Ltd (RCEL)

[jugs]

The market is in a shambles today and there's blood in the streets and everywhere else, it appears.

I'm watching RCEL very, very carefully. We're at $6.17 at the moment but I'm thinking that we will prolly see lower prices still come Monday as a result of the meeting.

So my buying spree has focused today on accumulating more MNLO (see the IHUB board for more info) but rest assured, I'll be moving in for the kill if and when RCEL drops to sub-$6/share.

I'll be reaching for 3,000 shares to add to my current 62,000 RCEL shares.

Covid-19, we are told, has been impacting on Avita's fortunes, responsible for the hold-up in obtaining Japan's approval. Additionally, clinical trials are slowed considerably in other clinicals due to the pandemic.

We will prevail but some of the current market-wide pressures will have to be sorted out and any relief should restore confidence and fresh opportunity.

Good luck to all!