RU kidding? 100 mil is a drop in the bucket. They are heading into 3 ph3 trials and starting a new drug trial. These funds are a short term stop gap only. The cash burn is going to intensify rapidly. Either that or the company slows down to a snails pace and strings it out( I wouldn’t put it past this mob)
Clearly they can’t get what they need in a deal which should have been done by now. Bad sign
They have to do a deal in the next few months or we are a dead duck. Without the confirmation and support of a BP there’s no results other than our lung cancer trial( which are basically already known) to excite the market. So it will be the long grind through years of phase 3 burning multiple hundreds of millions. How can we possibly fund that?
Ann: Trading Halt, page-20
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
29.5¢ |
Change
-0.040(11.9%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.0¢ | 28.0¢ | $7.278M | 23.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 53192 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 41048 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IMM (ASX) Chart |