RE: Timescales...17 May 2022 18:37
In the grand scheme of things... that is not long a timescale at all, literally 7 days till spud. I was in ADV, but there are more large entities partnered with CLON on this project which instils a lil more confidence in the whole project. TBVH, even if they hit 50%-80% of the target the acquisition would be very good for CLON. Furthermore they have other pipeline projects they're awaiting news on, which ADV did not have! ADV were banking everything on one sole project result.
The good thing is that the daily volume is churning through the placing shares at a very good rate and at some point they'll be done sooner than later. I had to double check the TCF at current prices and have to say..they pull this off with CoS they're stating.. then it's a game changer for the company!