IMO, company probably worth between $50m and $100m as it stands now.
Reasons:
1 = Not enough cash to complete trials so realistically they need to find $100m minimum.
2 = No deals likely until Phase 2 at least looks successful.
3 = Historcially Questionable Capital managment coupled with large salary expenses.
People spruiking multi billion dollar value may well be correct, but not until Phase 2 trials show something.
Consolidation doesnt worry me, slow progress and lack of funds are an issue.
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $112.0M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.4¢ | $125.4K | 8.369M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 17029463 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 1061875 | 3 |
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| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| IMU (ASX) Chart |