It is possible that ArtiMist could be sold for a figure close to the current market cap of the company. If anyone has any doubts about the intent of Suda and the counter party of the ArtiMist sale have a chat to one of the team that were at the meeting in Europe earlier in the year. There are reasons for the protracted process but a degree of confidence that it will go through. I think submission of the TGA application this year with the 1000+ supporting docs could be the trigger IMO.
$34 mil over the next 15 yrs in royalties, page-37
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $168.2M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.5¢ | 15.5¢ | $234.6K | 1.483M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 286275 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 795157 | 11 |
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| Last trade - 13.20pm 01/10/2024 (20 minute delay) ? |
| ALA (ASX) Chart |