“I would have thought it would lead to a 50-100% rise from where we are today i.e. AU$8-10”
Why would you think that? The 100+% rise has already happened for those believers that bought in at $1.39 when the sceptical traders did not believe this day would come. It’s only those wanting to make a quick buck that are disappointed it is not still going up.
Eventually the SP will reflect the profitability of the business but that time is not now as it is still growing and the FDA approval is just another duck that is lined up. There are still a few more ducks to be lined up before it can sustain a $8-10 price tag.
GLTAH
SP if both FDA approvals go through, page-219
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Last
$2.42 |
Change
0.010(0.41%) |
Mkt cap ! $160.4M | |||
| Open | High | Low | Value | Volume |
| $2.42 | $2.45 | $2.41 | $562.3K | 231.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 82002 | $2.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.43 | 16 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AVH (ASX) Chart |