Australia's largest stock trading and investment forum Australia's #1 stock forum

MDC

Click for more information

0.00%

$6.60 medlab clinical limited

Unfortunate Medlab would want to 'cap' themselves at a Market...

First 8 Last

Share
Profile

Follow
silvahman

4,445 Posts.

337

18/02/21

14:50

Post #: 51122955
Share

Originally posted by Syadyppah: ↑

My estimates are $16M - 19M for the trials are required.
Coincidence that buried in an announcement I found <see below link> & price is conveniently hovering around a potential 15% VWAP discount.

https://hotcopper.com.au/posts/50191272/singleI could be wrong but from a risk perspective a CR to fund the trials would ensure capital is available to be allocated to continue normal business operations and focus on growth in other areas. If current cash and future sales are allocated to the funding the trials then on a risk basis It's touch and go.

Expand

Unfortunate Medlab would want to 'cap' themselves at a Market cap of 80mill$.

BOT=$130mill
MXC=$180mill
CAN=$200mill
CPH=$218mill

MDC having most advanced medical cannabis clinical trials and backing (HOA's) by several billion dollar pharmaceutical companies positioned in Aus, Canada, Thailand and US... $80million capping is questionable and suspiciously low.

Last edited by silvahman: 18/02/21

MDC Price at posting: 33.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

As Nvidia cools, we're looking to Aussie AI

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

CBA breaks trading record on strong day for Aussie financials

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

There are more pages in this discussion • 1 more message in this thread...

First 8 Last

Add MDC (ASX) to my watchlist