I agree re good value, although for different reasons.
I think the result from here is binary:
(1) FDA approval there will be some sort of re-rate upwards (hopefully significant); or
(2) no FDA approval, its f*ct (can't see them being able to raise money when they run out Q3 or Q4 2024 without FDA in place).
I think this all turns on the USA.
Despite the binary outcome, I think its a good bet at this price given that:
(1) from the announcements this FDA process seems to be collaborative - i.e they are working with the FDA and aren't submitting until they are confident they will receive approval; and
(2) the re-rate on FDA approval should be significant from current levels (I'd like to think a SP in excess of $0.60 at a minimum), with significant momentum upwards if they can land some contracts shortly after.
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Last
31.0¢ |
Change
0.060(24.0%) |
Mkt cap ! $24.39M |
Open | High | Low | Value | Volume |
28.5¢ | 31.0¢ | 28.0¢ | $38.26K | 134.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6153 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 8000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6153 | 0.260 |
2 | 29000 | 0.250 |
1 | 100000 | 0.240 |
2 | 6732 | 0.230 |
3 | 23555 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 8000 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 15.14pm 26/07/2024 (20 minute delay) ? |
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