He did - but the company had not discussed a potential value of the company since Peter had mentioned 250-300 mil (they had gestured at it).
I'm still picking up little pieces when I can as I think the company is grossly undervalued based on the IP alone and see it moving swiftly on news. If it was me coordinating the comms strategy I would hold fire on any major press until after a local trial is announced.
That's a three step process:
1. New strategy - SP already risen.
2. New trial - kicking goals against new strategy.
3. Media/public awareness campaign of local trial/s.
We'll probably see an announcement regarding the rest of the CAB but I don't think this will necessarily boost SP dramatically. So if this is the process they follow I see two (further) significant SP rallies. Then its wait and see what the trial results give us.
This doesn't consider the trial for the PRV or any Israeli update which could throw a spanner in the works.
He did - but the company had not discussed a potential value of...
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Last
$1.57 |
Change
-0.005(0.32%) |
Mkt cap ! $267.6M | |||
| Open | High | Low | Value | Volume |
| $1.58 | $1.59 | $1.56 | $38.35K | 24.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 910 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 541 | 2 |
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| Last trade - 10.25am 11/11/2024 (20 minute delay) ? |
| RAC (ASX) Chart |