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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0.7¢ |
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Open | High | Low | Value | Volume |
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14 | 7915158 | 0.005 |
12 | 6189000 | 0.004 |
9 | 6399516 | 0.003 |
5 | 2522000 | 0.002 |
Price($) | Vol. | No. |
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0.007 | 3743101 | 5 |
0.008 | 2280092 | 5 |
0.009 | 1080000 | 2 |
0.010 | 396000 | 5 |
0.011 | 1000000 | 1 |
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