This is the week. Normally stocks run up in anticipation of (good) news, but ELS has lost some ground on very low volume. As news is coming out of the US and volume is low we can be pretty certain there has been no leak. Also, with no heat in the SP it creates a lot more upside in a favourable ruling.
The M&A potential if positive is massive. A large corporate could just buy ELS instead of investing in R&D and waiting with uncertainty. We’ll find out the cash position at the end of April but let’s call the EV about $50m. Even at $200m that’s nothing for a multi national. There’s huge upside here IMO. GLTAH
Ann: Annual Report to shareholders, page-31
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Last
46.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $69.49M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 46.0¢ | 44.5¢ | $37.80K | 83.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1638 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 6704 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| ELS (ASX) Chart |