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48.5¢ opthea limited

lets not forget that these guys are the recipients of non...

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brrrattt

1,013 Posts.

181

30/04/24

14:26

Post #: 73584917
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Originally posted by FreeFromStyle: ↑

Interesting investor strategy now - if you subscribe to the theory that OPT's share price is being held back because there has to be a dilution event, probably a CR.

So, buying during the CR or at the floor price soon after, as shares generally fall below the CR price, makes sense. However that very fact keeps the price low and makes the CR an even more dilutive event.

Smart money instos and top 20 will get the first look at the bulk buying at CR price, and the retail investors get a proportionality of the scraps. I know that is the way it is, but feels far removed to the postive feelings in investing in a company developing a drug that should help hundred of thousands if not millions in the next 20 years.

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lets not forget that these guys are the recipients of non dilutive cash advances also. A traditional cap raise is far from certain. The costs of running the trials are just what they are, expensive. Nothing can change that.

OPT Price at posting: 63.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 48.5¢		Change 0.000(0.00%)		Mkt cap ! $321.4M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	366	48.5¢

Sellers (Offers)

Price($)	Vol.	No.
42.0¢	218966	4

View Market Depth

No.	Vol.	Price($)
1	366	0.485
3	11250	0.480
1	50	0.475
1	2127	0.470
1	10000	0.450

Price($)	Vol.	No.
0.420	218966	4
0.440	23000	2
0.450	44925	2
0.460	33478	3
0.475	2126	1

Last trade - 16.19pm 13/06/2024 (20 minute delay)

OPT (ASX) Chart

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