I'm not sure how long LBT will languish in the doldrums... IIRC AZ is supposed to materialise in 4Q CY2024. Meanwhile, LBT is running low on cash, so a cap raise or placement is probably on the cards, which will put further downward pressure on the SP.
In any case, LBT has a great product that has the potential to revolutionise the way laboratories analyse plates.
Personally though, I'll wait till their cash position improves before I invest. With the SP as it is + downward pressure due to a placement / CR, I wouldn't pay more than 1c... it's possible that SP will sink lower though.
Ann: Strategy Update, page-4
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Last
1.6¢ |
Change
-0.001(3.03%) |
Mkt cap ! $25.08M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $24.18K | 1.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1728515 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 315000 | 3 |
View Market Depth
| Last trade - 10.33am 16/08/2024 (20 minute delay) ? |
| LBT (ASX) Chart |