There is plenty of cash for a buyback due to the following reasons .
1. Cash at bank $200 mill plus .
2. Royalties approx $40 mill a year .
3. Milestone this year $77 mill.
4 .Sale of PRV based on recent sale approx $80 million.
5.Potential partnering opportunities
Based on the above a say $50 mill buyout which would not be fully used would well and truly put the share price on a fly from here and if future capital is ever required could be raised at a much higher figure than present .
NEU chart, page-1864
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Last
$16.57 |
Change
2.170(15.1%) |
Mkt cap ! $2.117B | |||
| Open | High | Low | Value | Volume |
| $14.85 | $16.67 | $14.60 | $24.77M | 1.544M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $16.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.57 | 1717 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| NEU (ASX) Chart |