That is exactly what many have been thinking for 10 years or more!! I also expect that is one of the reasons why there is so little retail interest in this company. The truth is to go from phase 1 to profitability (not quite there yet) in 10 years, spending only 100million is actually quite respectable. It is just a very tough road for investors, waiting for so long with so much risk.
Still with sales to half of the worlds EPP population soon to commence and 2 very large fund managers buying all the shares on market there can't be a lot of downside from here. Surely?
FDA update, page-4
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Last
$13.28 |
Change
-0.250(1.85%) |
Mkt cap ! $664.8M | |||
| Open | High | Low | Value | Volume |
| $13.55 | $13.62 | $13.25 | $1.157M | 86.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 227 | $13.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.42 | 228 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CUV (ASX) Chart |