OPT 3.77% 51.0¢ opthea limited

Bullish; also, $1.20 seems very possible, but I prefer to...

  1. 832 Posts.
    lightbulb Created with Sketch. 167


    Bullish; also, $1.20 seems very possible, but I prefer to imagine a range of possibilites from 80 cents through to 1.50 in 2024.

    As others at HC here have warned, there could/would be the need for yet another capital raise sic before we get a final read of results. Let's hope by that time, if it happens, even a 20% CR decline will be well above today's $0.72 cents. Guesses Q2, Q3, Q4 this year for CR, if there is going to be one in 2024?

    Is OPT Sozinibercept an all-or-nothing situation?
    What do others think the future may hold if the results are not what we hope for? For example, if the Stage III trials achieve a positive but not statistically significant result for Sozinibercept—hypothetically, "The preliminary findings from the clinical trial indicate potential positive effects; however, the results have not achieved statistical significance to meet FDA standards for conclusive evidence of efficacy"—is OPT a 0 cent stock, or could there be some options?

    Personally, I would greatly increase my holding if zero were not a very real possibility. Happy (but not happy) to take a 50% loss eg 30cents , but going to zero would be nasty and thus mitigates the buy button finger.


 
watchlist Created with Sketch. Add OPT (ASX) to my watchlist
(20min delay)
Last
51.0¢
Change
-0.020(3.77%)
Mkt cap ! $338.0M
Open High Low Value Volume
52.0¢ 53.5¢ 51.0¢ $373.5K 711.7K

Buyers (Bids)

No. Vol. Price($)
3 35120 50.0¢
 

Sellers (Offers)

Price($) Vol. No.
52.0¢ 3465 1
View Market Depth
Last trade - 16.10pm 31/05/2024 (20 minute delay) ?
Last
51.5¢
  Change
-0.020 ( 1.90 %)
Open High Low Volume
51.5¢ 53.5¢ 51.0¢ 118754
Last updated 15.59pm 31/05/2024 ?
OPT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.