I take ord minnett bullish updates (albeit warranted) with a grain of salt as they were involved in the placement which gives them a vested interest IMO
But the Nomura report which is from an independent and highly reputable research house gave a risk adjusted starting valuation of over 40% above the current price (mods this report is publicly available on PRR website).
That valuation was pre Dubai partnership announcement, pre CANVAS commencement announcement, pre cripto-1 antibody announcement, pre Nasdaq filing announcement and pre Australian manufacturing announcement.
This may give some degree of comfort to those considering buying at these levels!
ord minnett, page-6
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Last
34.0¢ |
Change
-0.005(1.45%) |
Mkt cap ! $493.8M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 32.5¢ | $1.317M | 3.935M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 73996 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 836970 | 4 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| IMM (ASX) Chart |