BOT 6.45% 33.0¢ botanix pharmaceuticals ltd

Ann: Trading Halt, page-233

  1. 34 Posts.
    lightbulb Created with Sketch. 75
    What I am about to say is purely opinion, rather than the facts I usually state.

    However, it seems logical to me that the companies priority is to raise capital for the next phase of business. Dilution is unfortunately a necessary evil.
    With that logic in mind, the company is severely de-risked with this announcement and sophisticated investors would see an opportunistic moment to jump aboard. Hence what has happened.

    Therefore, the company acted in the correct manor to acquire the required capital, rather than waiting for less dilution to better existing shareholders; as this comes a little more risk involved.

    The way I see it, is BOT is kicking goals. I'd prefer to have more sophs onboard rather than emotionally charged retail investors.
    These guys are here for big dollars and I am excited for the future.

    Good luck to all, it's been a long time coming..

    Cheers,
    Wojgee
 
watchlist Created with Sketch. Add BOT (ASX) to my watchlist
(20min delay)
Last
33.0¢
Change
0.020(6.45%)
Mkt cap ! $519.7M
Open High Low Value Volume
31.0¢ 33.5¢ 30.5¢ $2.848M 8.878M

Buyers (Bids)

No. Vol. Price($)
1 24615 32.5¢
 

Sellers (Offers)

Price($) Vol. No.
33.0¢ 105525 2
View Market Depth
Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
33.0¢
  Change
0.020 ( 6.73 %)
Open High Low Volume
31.0¢ 33.5¢ 30.8¢ 3931977
Last updated 15.59pm 14/06/2024 ?
BOT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.