OPT 0.00% 34.5¢ opthea limited

I agree for the most part.The stock is trading at 36 cents,...

  1. 967 Posts.
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    I agree for the most part.

    The stock is trading at 36 cents, which seems fair value considering the CR at 40 cents and those free OPTOB-2026 options valued at 3-4 cents per share purchase (1:3, so OPTOB might sell for 12 cents). My strong conviction is that, barring any bad news, the stock will rise significantly in the lead-up to the first readout.

    Should I acquire in the near future another 1M, just prior to the topline readout, with some speculative gains, my plan to de-risk and enter the P3 readout with less of my own capital at risk and more on a free ride. Let's say I can capture 1.5M shares, then if Coast is successful smile.png , I’ll likely hold through to the Shore readout biggrin.png, though it would be prudent to review and hear from the mad scientists about results and evaluate the risk/reward at that time. At that point, it’s all about playing for Mercs or Lambos - whereas right now over the next 10 months I just don't want to be run over by a bus. confused.png


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    Last edited by FreeFromStyle: 17/06/24
 
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Mkt cap ! $376.5M
Open High Low Value Volume
34.5¢ 35.0¢ 34.0¢ $402.5K 1.164M

Buyers (Bids)

No. Vol. Price($)
19 506452 34.0¢
 

Sellers (Offers)

Price($) Vol. No.
35.0¢ 1059809 5
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Last trade - 16.10pm 25/06/2024 (20 minute delay) ?
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