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35.0¢ botanix pharmaceuticals ltd

Totally agree Moonman: I'd even sell some more tangible assets...

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Nothofagus

552 Posts.

95

18/11/22

08:29

Post #: 64846523
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Originally posted by Mooncat: ↑

Another stock I hold did an SPP off the back of positive news late last year. There’s a couple of things they did really well which BOT are not doing:

- comms were super clear about exactly what trials the money would be used for and how that would affect strategy ie ‘if you guys put in a we can progress b and if you also put in x we can do y’. This was well received by SH.

- the raise was done at a discount to the market price, making it attractive for existing retail - some could trade it easily for a small profit but also was good for longs.

I feel BOT has missed a trick with this raise. I’ve no idea what the upside (or downside) would be if they don’t get it filled. They have also not made it attractive enough financially, people have been buying on market this week at 0.06

As I said above I’m happy with the size of my position and the risk that entails but I don’t want to go in any further.

cheers

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Totally agree Moonman: I'd even sell some more tangible assets to buy , if they'd placed it in that sort of format - not too late for an addendum.

BOT Price at posting: 6.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 35.0¢		Change -0.005(1.41%)		Mkt cap ! $638.0M

Open	High	Low	Value	Volume
35.0¢	35.5¢	34.5¢	$948.4K	2.715M

Buyers (Bids)

No.	Vol.	Price($)
14	258664	34.5¢

Sellers (Offers)

Price($)	Vol.	No.
35.0¢	101916	7

View Market Depth

No.	Vol.	Price($)
9	182001	0.345
20	295522	0.340
12	148105	0.335
18	461271	0.330
7	391446	0.325

Price($)	Vol.	No.
0.350	36351	2
0.355	487439	18
0.360	353301	13
0.365	313358	12
0.370	429094	15

Last trade - 14.49pm 28/08/2024 (20 minute delay)

BOT (ASX) Chart

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