Yes, it's tight cash flow atm. Further R&D grants get EIQ another 2 quarters+ before needing to worry about cap raising or revenue. It's enough time to get a result from the FDA, bump the share price into the 20's, and raise $10-20m at something like 20-25c. Decent reward from current SP.
If I recall correctly, reading between the lines somewhat, the FDA requesting further info during the review period is indicative of a positive outcome at the end. Something I took away from the last video call with Prof Strange and Deon Strydom.
Big quarter ahead with Prof Strange at another conference in London with EIQ as late-breaking news. Then the big one with FDA shortly thereafter.
A comment on trading - seems some patient hands have been loading up the bids at 15-16c recently and giving the less patient an exit. A drying of supply at the 15-16c range is lining up nicely with the news ahead.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities Report and Appendix 4C Cash Flow Report
Yes, it's tight cash flow atm. Further R&D grants get EIQ...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EIQ (ASX) to my watchlist
(20min delay)
|
|||||
Last
29.0¢ |
Change
0.050(20.8%) |
Mkt cap ! $167.7M |
Open | High | Low | Value | Volume |
28.0¢ | 30.0¢ | 27.5¢ | $6.388M | 22.29M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 320021 | 28.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 101000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 327130 | 0.280 |
12 | 284997 | 0.275 |
18 | 720452 | 0.270 |
7 | 195047 | 0.265 |
8 | 332916 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.285 | 391554 | 4 |
0.290 | 1802889 | 14 |
0.295 | 651231 | 12 |
0.300 | 208396 | 5 |
0.305 | 264616 | 5 |
Last trade - 11.10am 09/10/2024 (20 minute delay) ? |
Featured News
EIQ (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online