Even if you don't plan to fund the phase three trials yourselves, you want the market, your competitors and potential acquirers to think you have the option to go alone. Jon is planning the first P3 for 2591 knowing that something is likely to occur (partnership for all rights or take over).
It would be prudent to know what funding options are available should we go alone. It is managing the risk.
It is a bit like how the last CR on record for NEU was just prior to P3 results, even though we had sufficient cash in the bank and didn't "need" a CR.
Jon knew the outcome was probably good (milestone payment) but raising then would allow NNZ 2591 to progress regardless and if that situation occured, the company would have raised money at a much better market cap. At the time people were very upset about that CR, but even though the results were good I think it was a great move. Since then, we've not had a single CR and shareholders were rewarded very well.
- Forums
- ASX - By Stock
- Neuren Media and Analyst Coverage
Even if you don't plan to fund the phase three trials...
-
- There are more pages in this discussion • 114 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
Add NEU (ASX) to my watchlist
|
|||||
Last
$20.52 |
Change
0.660(3.32%) |
Mkt cap ! $2.622B |
Open | High | Low | Value | Volume |
$20.00 | $20.66 | $19.94 | $6.431M | 315.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1024 | $20.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.53 | 285 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1024 | 20.520 |
2 | 1085 | 20.500 |
2 | 3518 | 20.480 |
3 | 2199 | 20.470 |
2 | 1894 | 20.440 |
Price($) | Vol. | No. |
---|---|---|
20.570 | 295 | 1 |
20.600 | 4144 | 2 |
20.610 | 13 | 1 |
20.640 | 2263 | 2 |
20.650 | 2660 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
NEU (ASX) Chart |