The company, I doubt, will give us a figure (ref/ funding required) so RIs in the dark. Company should know this figure, and market incumbents should know this figure and TT holders such as SIO (you would think). That stretches the ‘confidentially angle’ answer as a bit thin on the ground.
At 150-200 million US (to completion) would not have a offer have been made at this point in time?, if not why?, one reason may be that the funding required could be at least double that of the figure above.
That figure, 150- 200 US mill, is chump change to the majors. Do you not think that even a offer at $50 per share has not been made, (one that would put a floor of that amount on the sp), as a matter of conjecture on why not?
A offer of that amount would surely have to be presented to investors and skyrocket the sp to some semblance of perceived value.
Is there some element or hurdle of the current science that needs to be addressed?, what is the disconnect down to at this time.
Look forward to the AGM and what is ‘not’ said tomorrow.
GTLAH, go well mate.
AVR Price at posting:
$17.00 Sentiment: Hold Disclosure: Held
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