OSL 12.5% 0.7¢ oncosil medical ltd

Hi Gyro, I tend to feel that the report is conveniently timed. I...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 118 Posts.
    lightbulb Created with Sketch. 7
    Hi Gyro, I tend to feel that the report is conveniently timed. I think your sceptical reasoning is valid, but I also think that even if CE mark is achieved this type of report will get shareholders keen to fork out their hard earned in a capital raising in the near future. The company will still need lots of money and time to develop this product. Who knows, they might even need more $ just to get the CE mark over the line.

    Although it is nice to dream that this will start making huge sales immediately, I think the reality is that the existing data is thin and they will need a whole lot more of it before they will convince oncologists to treat their patients with this device.

    If they can partner with some big pharma that would be great, but why would big pharma partner Oncosil based on limited data? More likely in my opinion that us investors will need to stump up the cash to complete more in depth trials. Maybe good results from those trials could attract a partner. Either way you look at it though, millions of $ will be needed to fund more trials and to market this effectively.

    Who knows. I wish all the best of luck.
 
watchlist Created with Sketch. Add OSL (ASX) to my watchlist
(20min delay)
Last
0.7¢
Change
-0.001(12.5%)
Mkt cap ! $31.31M
Open High Low Value Volume
0.8¢ 0.8¢ 0.7¢ $69.42K 8.685M

Buyers (Bids)

No. Vol. Price($)
67 28673846 0.7¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 7597003 11
View Market Depth
Last trade - 16.10pm 18/11/2024 (20 minute delay) ?
OSL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.