OPT 2.78% 35.0¢ opthea limited

At least not my understanding of what was indicated to investors...

  1. 981 Posts.
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    At least not my understanding of what was indicated to investors or my understanding. My reading of the OPT market is that they had secured funding until Q4 2024 and, from the Q4 cash flow report, basically told us they would need more funding.


    https://hotcopper.com.au/data/attachments/6233/6233348-7a067a9f8007b20002e5e681eb9268b3.jpg



    What may be surprising is how much of the current retail will be diluted. Honestly, in April, I would have thought 15-20% CR or similar dilution partnership; a 65-cent share becomes 50 cents after a capital raise, which I was okay to live with.

    However, now we could be looking at a much higher percentage capital raise at a lower 48.5 cents, and that is where I will start using the word disgrace. I have a low entry point of below 35, and then I sold out at 69, only to reenter with a new average of 58. As of tonight, it is clear that my profits from the initial entry and exit with 100% gain, may be fully eroded once the capital raise is on the table and trading is happening as we could be headed to 30cents and that would be a disgrace and clear fracturing of trust from retail holders.

 
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Last
35.0¢
Change
-0.010(2.78%)
Mkt cap ! $382.0M
Open High Low Value Volume
35.5¢ 36.5¢ 35.0¢ $934.4K 2.624M

Buyers (Bids)

No. Vol. Price($)
10 230715 35.0¢
 

Sellers (Offers)

Price($) Vol. No.
36.0¢ 17816 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
OPT (ASX) Chart
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