RE: Investment case20 Mar 2025 14:49
Well the valuation lies within the milestones being met with Oncogeni, so no guarantees.
And Equity in Pleiades relies on them doing well, so no guarantees.
So the only calculations that can be made in the near term are the upfront cash payments in both deals, should they complete...and is anybody's guess at this point how much that will be.
Market cap, and therefore share price is not determined by potential, on any share, it's determined by guaranteed cash in the bank first, then potential sentiment to give a level of + or - either side of that as the market participants are prepared to accept, ie risk/reward.