Yes mate, the funding dilemma! Its a great story otherwise. Similar to small cap resource companies, plenty of them out there with great projects but cant fund it so trading at 10-20% of project NPV because there is no funding. This will be resolved one way or another in the next 3 months otherwise there is no trial - how is the big question.
My educated guess is either they have a party lined up to JV on the ASD but they ae waiting for the next lot of results (20 week results) or, they will cap raise of the results and an announcement on the new indication...
Prefer JV as a shareholder, but, if you were looking to JV on this, you would hold off knowing the company cash position and participate in a cap raise and take 20% of the whole pie vs say 80% of ASD wouldn't you?
NTI Price at posting:
9.1¢ Sentiment: Hold Disclosure: Held
