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, I’ll likely hold through to the Shore readout
, 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.
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I agree for the most part.The stock is trading at 36 cents,...
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Last
34.5¢ |
Change
0.000(0.00%) |
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($) | Vol. | No. |
---|---|---|
35.0¢ | 1059809 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 306452 | 0.340 |
10 | 406905 | 0.335 |
9 | 153274 | 0.330 |
3 | 55772 | 0.325 |
10 | 151712 | 0.320 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 1059809 | 5 |
0.355 | 24174 | 3 |
0.360 | 18754 | 2 |
0.365 | 33060 | 3 |
0.370 | 157423 | 7 |
Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
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OPT (ASX) Chart |