From the recent quarterly report: "Cash balance of US $5.7 million as at 30 September 2024, prior to receipt of Retail Offer Proceeds of A$6.9 million."
Note - US $5.7 million = approx. AUD $8.7 million.
AUD $8.7 million cash on hand + AUD $6.9 million proceeds from retail offer = AUD $15.6 million dollars.
According to the quarterly, as of 30 September 2024, LDX has approx $15.6 million AUD cash balance on hand.
That also does not include the US $3.0 million grant that has been awarded for the CLIA waiver study (approx AUD $4.6 million).
If we include the grant, then cash available would be approx: AUD $20.2 million cash.
LDX current market cap is appprox: AUD $25 million
Very basic calculation, but IMO, it gives a very clear indication that LDX is currently significantly undervalued.
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 (20min delay)
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Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.21M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 318288 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 45000 | 2 |
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| Last trade - 09.56am 18/06/2025 (20 minute delay) ? |
| LDX (ASX) Chart |
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