Well, I would say that the previous marketcap (before the deal) was already baking in something other than continued losses, no?
regarding the derisking part, I dont quite understand it. If the company keeps its costs for the clinical trials + admin at 24M, to justify the current price (following my previous logic), the revenue coming from the clinical trials would have to be $30 million. I'm not saying it wont be even higher, but there was already one time when things didn't go according to plan,right? Can that happen again?
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Last
$1.80 |
Change
0.015(0.84%) |
Mkt cap ! $304.7M | |||
| Open | High | Low | Value | Volume |
| $1.81 | $1.84 | $1.78 | $252.4K | 138.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2792 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.82 | 6891 | 2 |
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| Last trade - 16.10pm 22/07/2025 (20 minute delay) ? |
| CGS (ASX) Chart |