Hi Red, that scenario of going alone is a unrealistic one, for the Company to announce this one day will reflect its failure to either sell the Company or Partner up.
Only hope is for some super serious funding that could come from a Partnership if the Company cannot be sold.
Look at the R&D expenditure of Edwardes against Anteris, 1 billion or so against a 40 mill spend per year, no hope of competing against that or the other major players.
Yes, as pointed out by yourself, the existing footprint, that still only equates to a MC of under 300 mill.
Hurdles up ahead will see the Company continue to survive on the yearly 40 mill or so CRs, merely to keep the lights on, and the necessity of those CRs being done with the equating share options that have been and will suppress the sp.
When I hear the CEO make his presentations, I think, by and by, what can you believe of them, the CEO seems to have little concept of tempering his spiel, look at that Presentation from two years back, all that does is weaken his credibility. Unfortunately the Anteris empire, at this time, is far from that.
Imho.
AVR Price at posting:
$16.25 Sentiment: None Disclosure: Held
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