There is plenty of cash for a buyback due to the following reasons .
1. Cash at bank $200 mill plus .
2. Royalties approx $40 mill a year .
3. Milestone this year $77 mill.
4 .Sale of PRV based on recent sale approx $80 million.
5.Potential partnering opportunities
Based on the above a say $50 mill buyout which would not be fully used would well and truly put the share price on a fly from here and if future capital is ever required could be raised at a much higher figure than present .
NEU chart, page-1864
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Last
$14.07 |
Change
-0.400(2.76%) |
Mkt cap ! $1.798B | |||
| Open | High | Low | Value | Volume |
| $14.47 | $14.53 | $13.99 | $7.843M | 552.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2150 | $14.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.10 | 1129 | 2 |
View Market Depth
| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| NEU (ASX) Chart |