I haven’t come across Stocks Down Under before. Nice little overview of the technology but misses some of the key drivers for me:
MC of $70m Cash of $34m Enterprise value of only $36m Addressable market of $1.6B+ and growing at approx 5%pa Recent capital raising of $26m at $1.30 including additional investment from Twiggy Strong Phase II results
Although feedback from FDA was equivocal the EMA feedback was clear and provides a clear path to Phase III.
IXC Price at posting:
95.0¢ Sentiment: Buy Disclosure: Held
