The second paragraph perfectly encapsulates why this is over priced. Hot air.
The reality is, this is a minnow with an incredibly small capital runway, surviving on R & D rebates & Cap raises to keep the lights on.
You’ve quoted an arbitrary figure of 10m from a royalty payment? The process of, a proven it’s efficacy, submitting to TGA & eventual licensing & distribution is along off.
This group have raised capital in tiny morsels, hoping to keep the register tight, which would have been a viable strategy if the execution piece in this space is short, it’s not, it’s a slow burn with an administrative quagmire to walk through.
EMD should have raised alot more, and a higher price but instead will most likely need to tap the market again this year with a severely deflated share price.
With respect to Twiggy, he’s got money to burn, John’s a lovely guy, but don’t know if this space is his bread and butter.
Hope that adds some meat for you to chew on, champ.
- Forums
- ASX - By Stock
- EMD
- general talk
general talk, page-186
-
- There are more pages in this discussion • 165 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EMD (ASX) to my watchlist
|
|||||
Last
3.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.72M |
Open | High | Low | Value | Volume |
3.6¢ | 3.6¢ | 3.6¢ | $181 | 5.021K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 462190 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 237134 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 462190 | 0.034 |
4 | 39378 | 0.033 |
4 | 251280 | 0.032 |
1 | 32258 | 0.031 |
1 | 17500 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 237134 | 1 |
0.037 | 70000 | 1 |
0.039 | 190000 | 2 |
0.040 | 57647 | 1 |
0.041 | 38238 | 2 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
Featured News
EMD (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online