how is the t20 not taken care of in this example? i know this is a successful CR. the figure of 10c in the near term is ambitious, but in real terms. wouldn't 6c be likely off the back of an outstanding MRE? each time I've tried to work out where this will land $ wise, it has over achieved. I thought 3.9 by the 20th and it's 4.5ish (hopefully).
if it's so heavily oversubscribed then doesn't that make you think we could've got funding even at 6-7c. and if it's so salivated over, why is the cornerstone investment not by someone strategic? why is it t20 and some Sophs?
just makes no sense to me unless I strip away the rationale of 'safety' and realise a truth of the world which is those in the know and those with the big dollars make the big dollars. maybe small chip on shoulder, but just disappointed we didn't see news of someone who might actually drive us.
IXR Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
(20min delay)