Yes $45m is a lot for proving up value. But are you saying that $45m is sufficient to do the P3 trials ourselves?
Also Dr T has said several times that the "sweet spot" for a transaction is after P2.
And IMO without a partnership Australian retail investors won't drive the SP high enough to achieve a full value TO bid cold turkey, irrespective how good the P2 outcomes are.
General Comments / Chat, page-2695
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$1.46 |
Change
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Mkt cap ! $246.1M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.50 | $1.35 | $92.07K | 65.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2589 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 971 | 1 |
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