This quarterly is fine, and should mark the low point. Cash outflow, ex USA, will reduce going forward, R&D tax credit of $4.8m, first benefits of restructuring, and more to come if R&D outsourced.
The Investor Briefing provides a more positive story than the bare numbers are telling.
There are good raesons why it's not $3, or even $1.35 anymore, but, down at 13c, the baby has well and truly been thrown out with the bathwater.
Positive announceemnts in Q4 should take this stock back to 40c without any trouble, IMO.
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1 | 499893 | 0.032 |
3 | 357258 | 0.031 |
6 | 1195543 | 0.030 |
9 | 1750681 | 0.029 |
Price($) | Vol. | No. |
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0.034 | 196199 | 1 |
0.035 | 300000 | 1 |
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