Hi Wasa,
I agree this co. is still a spec, the best way to manage that risk is to play a smart & disciplined portfolio allocation strategy - and whilst the current prices are appealing to me, given the co's position hasn't changed materially cash burn wise or "shots on goal" wise, my position is set at > 1m options and approaching similar in the heads. I'm a happy holder. And not a trader. Their cash @ bank position also gives me much much comfort atm.
Given imho the upside vs downside equation for Prescient over the next 12 months is something like 10x vs 0.80x (the latter being helped by the 31 March 2023 6.25 cent option top up bringing in beautiful cash @ Bank of approx $5.4m nett), that outsized & disproportionate relative equation means it's a buy atm in simple investment terms or for me specifically, a rock solid hold and cheer it on!
PS How bad is this, as a domestically listed peer, I just read that the Chimeric Therapeutics Ltd (CHM) CEO, (listed on the ASX), does not even live in the country of the biz she runs. I would be concerned by this myself fwiw. Us vs them is a one sided exercise, we effing bury them.
PPS dalts66 I know that we have some 665m SOI ex options, so what I said was $1 SP followed by $1.50 from the magical $1Bn mkt cap marker.
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Last
3.9¢ |
Change
-0.001(2.50%) |
Mkt cap ! $31.40M |
Open | High | Low | Value | Volume |
4.1¢ | 4.1¢ | 3.9¢ | $72.73K | 1.802M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 436541 | 3.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 560576 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 216541 | 0.039 |
6 | 432841 | 0.038 |
2 | 109000 | 0.037 |
3 | 599000 | 0.036 |
3 | 528590 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 560576 | 1 |
0.043 | 41000 | 1 |
0.044 | 120777 | 2 |
0.045 | 210000 | 1 |
0.047 | 86129 | 3 |
Last trade - 15.59pm 15/11/2024 (20 minute delay) ? |
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