Market or Entitlement? Here is ChatGPT answer based on $400k spend, current price of 0.345 and the entitlement offer 0.40 with the 1:3 option (Let's call it OPTOB-2026). The theory is that 40cents - 34.5 current price = 5.5 cents*3 as each option is "valued" by the rational market at 16.5cents
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So yes, it just depends on the value you ascribe to the OPTOB-2026 option. How much is the option to buy a $1 share in the future worth today? 15 cents or more? Share price between 0 cents and $3.6.
As for where OPT will end up if both Phase 3 trials are successful, I would like to imagine a 10X return. I also dream. That being said, I believe OPT is a 3X in the speculative lead-up to the first Phase 3 result. Yes, unexpected issues may occur during the trial as it is, after all, a double-blind medical trial, so it is not without risks.
However, a 3X reward vs. low risk is based on human speculative behaviors.
Salt, grain take of course.
Market or Entitlement? Here is ChatGPT answer based on $400k...
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Last
89.5¢ |
Change
0.045(5.29%) |
Mkt cap ! $1.101B | |||
| Open | High | Low | Value | Volume |
| 87.0¢ | 90.3¢ | 83.5¢ | $3.285M | 3.729M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3448 | 89.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 24997 | 4 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| OPT (ASX) Chart |