RE: Also..noticed5 Dec 2023 08:58
Techtonic,
As Greend100 points out, Hardman is 18m months and we've since announced that we have met key milestones (particularly around scaling up), that allow us to proceed to clinical trials, and we have announced a $9billion partner. So Hardmans risk weighted assessment will be way out of date.
My valuation is based more on what we obsereved happen to OBD recently, adding circa 50-60m market cap after announcing the test commercialisation, despite having signposted this to the market in a previous RNS!! So there is already a precedent for the market totally ignoring a cancer test until its delivered.
Our test has at least as large a global market and is expected to be more accurate.
Currently, i would say we could easily sit at double the valuation in the current market, and then add similar to OBD on announcement of test. But the current market is very short termist, so what do i know?
That 1M share "sell" yesterday may not have been a sell. Always hard to tell for sure. MMs may have bought at 2.26 and sold them to a buyer at 2.3 with such a large transaction.
The fact I can get a dummy quote for a sell at a price higher than before that "sell", and the spread hasn't moved, is telling me there is still demand for shares.
As greend100