If the Nasdaq price matches what you believe Amgen will pay for the shares ($1.50-$1.70 Nasdaq ) then the equivalent price on the ASX is a range of .36c-.40c, basicly the recent high from the spike.
How far the Cash carries them going forward and the true position of Company revenue in the future will dictate the movement of the shareprice . imo
Until that is clear its still speculative for the Market buyers to assess. imo
Note : Not right into the ins and outs of the stock but the Amgen deal should provide some stability to the stock. But it all comes down to cash in bank going forward and Amgen's role in the future with the approx. 20% uptake of shares.
The odds would have to be in anyone's favour, buying now. imo
Good Luck All.
Md
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