Cash burn is why the share price has been going sideways, not up, even though there has been a steady stream of positive announcements.
I’m expecting a raise before the end of 2023. They won’t let it run down too far and they have a lot of expenses to run a ph3 coming up.
I doubt they’ll do a partnership at this point unless the offer is amazing. Given results and potential they shouldn’t have trouble getting funds to take this deeper. Looks like a winner to me.
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$5.83 |
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5 | 1787 | 5.800 |
4 | 1150 | 5.790 |
4 | 985 | 5.780 |
2 | 602 | 5.770 |
Price($) | Vol. | No. |
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5.830 | 298 | 3 |
5.840 | 1361 | 4 |
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