There won't just be the upfront payment on the cards. If the share price jumps then the Lanstead deal will make Neuren awash with cash.
11.5m on 8c / share. Lets say it his 40c - then the deal will be close to 50m. The deal is set to have a multiplier effect on cash.
I think a dividend is a real option. If Neuren sits on a Cash war chest they might find themselves the target of a takeover.
An Up Front..., page-19
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Last
$20.10 |
Change
-0.110(0.54%) |
Mkt cap ! $2.569B | |||
| Open | High | Low | Value | Volume |
| $20.16 | $20.21 | $19.88 | $5.839M | 291.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1042 | $20.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.11 | 1092 | 2 |
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| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| NEU (ASX) Chart |