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20.0¢ paradigm biopharmaceuticals limited..

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poolboy

832 Posts.

331

19/11/21

07:12

Post #: 57689513
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Originally posted by 39KP: ↑

I agree with Denial/Dungiven that the market expects a cap raise and there is a decent chance it happens.

However (this could be wishful thinking) they have approx $60m on hand, they are due a tax rebate of circa $10m very soon. This will take them some time into the future, their burn rate isnt that high. Could they benefit from waiting for a release of more data / announcements like MPS/chronic heart failure (both of which PR was very +ve on the investor conf). Can they get some funding from those to programmes over the next few months? Who knows

Re OA - Let’s assume 008 is september 22 (which I think sounds very conservative), that is certainly cutting it a bit fine but the cash is currently there to take them into late 22/23 and if they can show big pharma some early readouts on 008 in q1 22 (which they can under NDA whereby it doesnt get shown to the market) i would imagine they can sign a small regional deal to get them over the hump.

Like many have said here, i also dont think a cap raise needs to be overly large or dilutive or deeply discounted and if they do that it should at least clear up one of the major concerns in the market.

DYOR

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100% 39KP

PAR Price at posting: $2.20 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 20.0¢		Change 0.005(2.56%)		Mkt cap ! $70.04M

Open	High	Low	Value	Volume
19.5¢	21.0¢	19.5¢	$80.51K	398.0K

Buyers (Bids)

No.	Vol.	Price($)
5	112938	20.0¢

Sellers (Offers)

Price($)	Vol.	No.
21.0¢	4396	1

View Market Depth

No.	Vol.	Price($)
5	112938	0.200
8	185493	0.195
18	390135	0.190
4	68313	0.185
9	149295	0.180

Price($)	Vol.	No.
0.210	4396	1
0.215	19607	1
0.220	50066	5
0.225	68604	2
0.230	15000	3

Last trade - 16.10pm 02/10/2024 (20 minute delay)

PAR (ASX) Chart