Agree this morning is the consolidation on volume that was required & the CR was a great way to manufacture this.
However, I feel it will only last a couple of hours. IMO this closes today green & very green which will be the beginning of its epic re-rate.
This stock has not really been held by the Insto community (I recall reading this somewhere - maybe * or something). The CR was an opportunity for some Insto's to get set with a teaser position on which they IMO will build.
The announcement today is very telling - ie - New Institutions from USA, Europe, Asia & Australia... The key word here is NEW.
Being conservative & saying it was only 1 New Institution from each region, that's AT LEAST 4 new institutions on the registry.
IMO the US & European Insto's will go crazy for this stock as it is ALREADY GENERATING REVENUE in Australia (for OA) under the special access scheme... There is a stock report in the marketplace out there that says it can do $25m revenue in Aus Alone before even the Phase 3 trials in the US are complete!!
Don't worry about daily or hourly moves on this one - IMO tuck it away & let the insto's rip it in to a valuation in the Billions
Don't forget that the active ingredient in the drug has previously been FDA approved.... the only difference now is that it's being re-purposed...
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Last
24.5¢ |
Change
-0.015(5.77%) |
Mkt cap ! $85.70M |
Open | High | Low | Value | Volume |
26.0¢ | 26.0¢ | 24.5¢ | $265.4K | 1.050M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 130186 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 11571 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 130186 | 0.245 |
8 | 120363 | 0.240 |
5 | 126753 | 0.235 |
5 | 146782 | 0.230 |
2 | 53000 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 11571 | 1 |
0.260 | 15236 | 1 |
0.265 | 59987 | 2 |
0.270 | 10000 | 1 |
0.275 | 16347 | 3 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
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