Hi Wombat, thanks for sharing this. Looking at the Synthrox timeline the initial contact with Sanofi was in Oct 2018 and the offer was in July 2019, 10 months later. The buyout offer price was based on price in July 2019.
So this gives me the idea that if Race starts knocking on doors and presenting at conferences starting later this year, some time between mid-to-late 2022 we may have an offer. Also, by then the news flow from trials and engagement with BP should influence the SP and put us around 1/5th the buyout price?
The other important ingredient to SP is hopefully the current big sellers are out of ammo, then the SP can run without gravity.
Hi Wombat, thanks for sharing this. Looking at the Synthrox...
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Last
$1.84 |
Change
-0.025(1.34%) |
Mkt cap ! $313.3M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.91 | $1.81 | $257.6K | 138.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 26825 | $1.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 759 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RAC (ASX) Chart |