From the recent quarterly report: "Cash balance of US $5.7 million as at 30 September 2024, prior to receipt of Retail Offer Proceeds of A$6.9 million."

Note - US $5.7 million = approx. AUD $8.7 million.

AUD $8.7 million cash on hand + AUD $6.9 million proceeds from retail offer = AUD $15.6 million dollars.

According to the quarterly, as of 30 September 2024, LDX has approx $15.6 million AUD cash balance on hand.

That also does not include the US $3.0 million grant that has been awarded for the CLIA waiver study (approx AUD $4.6 million).

If we include the grant, then cash available would be approx: AUD $20.2 million cash.

LDX current market cap is appprox: AUD $25 million

Very basic calculation, but IMO, it gives a very clear indication that LDX is currently significantly undervalued.