The only reason the SP is dropping is because no one is interested in buying right now. There is no big sell off going on.
I don't think NEU have any ammo to pump the price. The only thing they could do is get a big upfront on the ROW deal and pay a special dividend. A $50m payout on a $130m Cap would kick start things - but if the big upfront came at the expense of the total deal value and royalties etc I am not sure it is in the best interests of the business.
If they can do a deal like Acadia for ROW, then we have a $130m cap stock sitting on maybe $1b of a deal if they can get it to market - so the market currently rates this as a 13% chance. Crazy when you think Acadia will invest half the market cap value in P3 and manufacturing - so they obviously think the chance of success is far higher.
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Last
$13.56 |
Change
-0.360(2.59%) |
Mkt cap ! $1.733B |
Open | High | Low | Value | Volume |
$13.94 | $13.96 | $13.50 | $6.421M | 470.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1643 | $13.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.61 | 3100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1643 | 13.540 |
2 | 2409 | 13.530 |
1 | 3769 | 13.520 |
1 | 3723 | 13.510 |
7 | 9971 | 13.500 |
Price($) | Vol. | No. |
---|---|---|
13.610 | 3100 | 1 |
13.640 | 2409 | 1 |
13.650 | 1643 | 4 |
13.670 | 2409 | 1 |
13.690 | 2409 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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NEU (ASX) Chart |