ALA 4.00% 13.0¢ arovella therapeutics limited

What could SUD be worth?, page-9

  1. kcl
    331 Posts.
    lightbulb Created with Sketch. 134
    I think $200m market cap equates to a smidgeon under 8 cents. (By the way a smidgeon is the greasy, but very thin, mark left on a road when a steam-roller runs over a dove).

    From comments on a few Suda threads it seems a few of us are expecting the company to receive income from option conversion after the share price tops 1.5 cents (God willing) - I don't believe this is correct as the options hold extra value in their time to expiry in the form of leverage and there is an incentive not to convert - better off selling them and buying shares if that's what you want.

    A few inexperienced punters will convert early but I can't see why anyone else would, so I can imagine the company waiting another year and a half for those funds.
 
watchlist Created with Sketch. Add ALA (ASX) to my watchlist
(20min delay)
Last
13.0¢
Change
0.005(4.00%)
Mkt cap ! $136.5M
Open High Low Value Volume
13.0¢ 13.0¢ 12.3¢ $193.6K 1.540M

Buyers (Bids)

No. Vol. Price($)
2 13730 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 727520 7
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
ALA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.