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5.56%

3.8¢ radiopharm theranostics limited

Ann: Radiopharm Theranostics completes A$70 million placement, page-34

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simons77

644 Posts.

161

26/06/24

19:54

Post #: 74499543
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Originally posted by Werble: ↑

it's worse than that in my back of envelope calculation.

they are offering 3 options for every four shares issued (for any holders who still own their shares at the end of the year).

so say another 1.5billion options at 6c.

so to get substantially past 6c in the next two years means 3.9b fully diluted (if options exercised) at 6c this is a $230M MC. 6c today would be $27M MC.

so basically 10 times dilution on a single raise (amazing).

I get it biotech companies need money. sure lantheus wants in so why not announce the strategic partnership and give people a chance to get excited about it? raise what you need (not 2 freaking years worth of runway). and don't tell everyone that you are going to double the register two months before. of course the price is going to run down. it's madness and I'm out.

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This is destined to be diluted into shit. No successful and great biotech in the history of ASX can issue so many shares. CSL, TLX, COH, PME, they have never trade under 10 cents. All Paul Hopper's companies, when the market value reached hundreds of millions, were still less than 10 cent. IMU, RAD, CHM, without exception

RAD Price at posting: 4.6¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last 3.8¢		Change 0.002(5.56%)		Mkt cap ! $40.18M

Open	High	Low	Value	Volume
3.8¢	3.9¢	3.6¢	$317.2K	8.388M

Buyers (Bids)

No.	Vol.	Price($)
2	457458	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	274559	1

View Market Depth

No.	Vol.	Price($)
2	457458	0.037
3	157576	0.036
5	453428	0.035
6	652410	0.034
6	705301	0.033

Price($)	Vol.	No.
0.038	274559	1
0.040	188000	2
0.041	548744	5
0.042	425000	1
0.043	450000	2

Last trade - 16.10pm 11/07/2024 (20 minute delay)

RAD (ASX) Chart