a company in such a position is always worth less than net assets.
You are completely ignoring multiple risk factors and the time erosion of funds on hand.
But I will give you what I think is the biggest risk factor. The company has enough money to fund a fews years study into what else could be investigated such as a bigger study into long term covid effects of brain.
Of course this wont happen overnight , but what you guess the company holds in cash 31 Dec 24 , and what it will look like in 12 -24 months time will be completely different.
There are reasons why Platinum bailed and it doesnt include stupidity.
a company in such a position is always worth less than net...
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Last
0.8¢ |
Change
0.001(14.3%) |
Mkt cap ! $8.699M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $161.1K | 20.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2232619 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 7815678 | 12 |
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| Last trade - 16.10pm 27/12/2024 (20 minute delay) ? |
| PER (ASX) Chart |
