W27 - much sooner than 12 months IMO! 1. At the General meeting the chairman seemed confident that there would be no need for further capital raisings. Given that at current cash burn rate something would have to happen by early next year IVX will either then bring in a partner for development of 1 or more products or flog something off. 2. They currently have 3 phase 2 trials! 3. Management said they were actively canvasing pharmas. Some may have wind of something I don't know. 4. Management also believe we will have results late this year or early next. There may be anecdotal evidence from participants of those trials? 5. RBS Morgans re rating of IVX to 12c per share - we are currently at 9.5c These are 5 things off the top of my head and we are only at 75% of Morgans conservative valuation with no news. As for sellers. There are always sellers - its a price thing! Am I selling at these prices? No! I am a committed long. Good luck to other IVX longs - you deserve it!
IVX Price at posting:
9.5¢ Sentiment: LT Buy Disclosure: Held
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