Donkeys we are! The next good news report will be used by recent buyers at 26c to dump en masse, just like all the other times. Rinse and repeat.
Its very difficult to get clear of.
We have enough money for 18 months because they always raise about 12 months before they run out.
Are we getting any company making results in that period? I guess new trial results may flesh out what is already known. But essentially it’s just a massive cash burn period ahead with not a lot to show for it and a lot to lose as other treatments in trial start maturing.
At this point everything hinges on their ability to get a deal done sooner rather than later. There’s no other option.
Overnight Market report, page-1847
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Last
29.5¢ |
Change
-0.040(11.9%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.0¢ | 28.0¢ | $7.278M | 23.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 53192 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 41048 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IMM (ASX) Chart |