Yes look at the tax loss selling of this one back in the day!

First 18 Last

Share
Profile

Follow
sholtz

2,109 Posts.

790

07/02/24

13:06

Post #: 72283244
Share

Originally posted by Dungiven: ↑

Money through the door is great, but this amounts to about a month's funding, while we are still years away from revenue. Therefore, deals please. Denial is absolutely right, any whiff of genuine future revenues should be very impactful. Aside from hopefully a cash injection, striking a deal will offer a lookthrough to potential future sales which will really get people thinking about intrinsic and potential value of this asset again. However, we're really on a razors edge - and I remain dubious that management can achieve a deal in time to stop further major damage occurring first.

They might say we have a cash runway until end of 2024 (Who could have predicted mid-2025 wouldn't happen, hey?), but they'll want to preserve 2 quarters of cash, which means a material cash injection by mid-2024 or a CR.

A CR in May-July 2024 will be UGLY. If 2mgx2 doesn't send us flying (and i'm far from confident that it will) then we are deep in the SP doldrums until trial funding is demonstrably sorted, or sure signs appear that it can be funded without massive, and I mean massive, dilution (i.e. deals emerging). So forget PAR's guidance of EOFY for a deal. If no deals come through by late-April/start of May, tax-loss selling will begin in earnest. There is just not enough reason for people to impact their capital gains on other stocks by not cutting out some losers like PAR, especially based on the "trust me" forecasting of a now known-b*llshitter that deals are expected by end of June.

This tax-loss selling can really thump the SP downwards at that time of year. Apply a further discount to get the instos moving again and we are now raising in desperation again at thoroughly sickening prices.

Even if a deal materialises and has $30m up front, that will still only likely get us until the end of 2024 before we reach a similar spot again. There is so much work to be done to avert the very literal multiplication of our shares on issue in CY24, and I don't think even the hopeful guidance the company has given us (a deal by end of June) will be good enough to prevent it.

Expand

Yes look at the tax loss selling of this one back in the day!

PAR Price at posting: 35.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 35 more messages in this thread...

First 18 Last

Add PAR (ASX) to my watchlist

(20min delay)
Last 24.5¢		Change -0.030(10.9%)		Mkt cap ! $89.19M

Open	High	Low	Value	Volume
27.5¢	27.5¢	24.0¢	$429.9K	1.713M

Buyers (Bids)

No.	Vol.	Price($)
7	161991	24.5¢

Sellers (Offers)

Price($)	Vol.	No.
25.5¢	29634	2

View Market Depth

No.	Vol.	Price($)
7	161991	0.245
9	145437	0.240
3	49790	0.235
5	80340	0.230
4	58888	0.225

Price($)	Vol.	No.
0.250	11	1
0.255	29634	2
0.260	14040	2
0.265	204137	2
0.270	10200	4

Last trade - 16.10pm 03/05/2024 (20 minute delay)


Last 25.0¢		Change -0.030 ( 7.51 %)
Open	High	Low	Volume
27.0¢	27.0¢	23.5¢	433775
Last updated 15.57pm 03/05/2024 ?

PAR (ASX) Chart

Yes look at the tax loss selling of this one back in the day!

Featured News

Infini Resources gearing up for UAV geophys survey over Portland Creek

Car EV-olution accelerates Oz into pole position

Dancing to that same 70s tune, China, and why I'm backing gold

Sold out signs go up for RIU Resources Roundup in Sydney

Patagonia shares rise above 20% on lithium grades at maiden well in Argentina

Buyers (Bids)

Sellers (Offers)

Featured News

Yes look at the tax loss selling of this one back in the day!

Featured News

Top Stories

Infini Resources gearing up for UAV geophys survey over Portland Creek

Car EV-olution accelerates Oz into pole position

Dancing to that same 70s tune, China, and why I'm backing gold

Sold out signs go up for RIU Resources Roundup in Sydney

Patagonia shares rise above 20% on lithium grades at maiden well in Argentina

Buyers (Bids)

Sellers (Offers)

Featured News