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5.3¢ biotron limited

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kpt3891

948 Posts.

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11/01/24

15:54

Post #: 71834962
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Originally posted by Footmax: ↑

Longer it takes to get the results out, the cash situation will get tighter. Results should be out in the next month an BIT should have enough cash with the tax rebate.

Even today, the SP has dropped a bit in a green market. To be fair. green markets tend to move invested funds to blue chips, so BIT won't be alone in its sector to get a small hit today.

Has to be hoped that the results are exceptional, and the SP responds so that any raising of capital (inevitable to be honest) will result in a better reward for BIT.

I personally think that the hopes of getting a "deal" is overly optimistic and an oversimplification of how these partnership/collaborations actually work. Any talk of TO's is very premature and unlikely.

However, stranger things have happened.

More likely, BIT will be required to start a phase 3 trial with a larger candidate recruitment level. That, hopefully, will be in partnership with another pharmaceutical company. It will be expensive.

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There are also potentially $6,000,000 into the kitty from options which could potentially be underwritten similar to agreement with Gleneagle in 2019.

BIT Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.3¢		Change 0.000(0.00%)		Mkt cap ! $47.82M

Open	High	Low	Value	Volume
5.3¢	5.3¢	5.3¢	$6.491K	122.4K

Buyers (Bids)

No.	Vol.	Price($)
2	136972	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	74735	2

View Market Depth

No.	Vol.	Price($)
2	136972	0.053
4	264881	0.052
6	181746	0.051
6	295000	0.050
1	150000	0.049

Price($)	Vol.	No.
0.056	74735	2
0.057	58602	3
0.058	71186	2
0.059	17500	1
0.060	10000	1

Last trade - 10.35am 28/05/2024 (20 minute delay)

BIT (ASX) Chart