Osi,
I agree with your views, the larger shareholders taking more stock is always a good sign IMO. I hope that there is not a substantial holding being accumulated by stealth.
WRT your views on the market cap, I have done some quick numbers privately and agree that the evolis sales should make a big impact on the future cashflows for the company as will the moves by the company to have the ELISA kits certified for the USA (FDA meeting) etc etc.
Combined with the expected R&D refunds and the possibility of external funding (non-dilutive) then the company looks pretty well placed I think.
I also agree that hopefully, the selling is merely jobbers or short term traders who have bought on moves up and dont hold LT, hence have to liquidate their positions and move on.
REgardless, lets hold on and see where the ride takes us!
Good luck everyone.
Osi,I agree with your views, the larger shareholders taking more...
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $3.691M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $8.671K | 1.051M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1735002 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 340000 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AN1 (ASX) Chart |