PAB 14.3% 0.8¢ patrys limited

Ann: Change of Director's Interest Notice, page-18

  1. 27,337 Posts.
    lightbulb Created with Sketch. 1287
    Thanks redant

    As for investors we can assume that a CR WILL happen as stated

    " The financial model assumes a capital raising in FY21 of AUD15m. The amount should provide sufficient funding to undertake the Phase II trial. The financial model assumes PAT-DX1 will be licensed during this period, with the partner assuming on-going development costs. "

    I will also assume that when, if, we get an announcement on licensing of PAT-DX1 this will leave us with a sp very close to 5c..............I initially did worry that a cr might be needed sooner rather than in FY21 and a CR at 2c or even 3c will do us more harm than good. I can see a concerted effort for BOD to get sp closer to 5c before embarking on a CR as at that time soooooooooooooooo much more risk would have been removed and sentiment will be 100% higher than today

    LT view required

    GLTA
 
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