RE: H1 Results5 Aug 2020 10:14
Thankyou Jatw & amones
Yes, maybe a bit too positive at times, I admit I am very very enthusiastic about the Company, its Management Team and their fantastic achievements. It has been frustrating to me that the market seems to either under-value or over-value the company based on events outside the Company's control.
In that context I think all they can do is to keep calm, carry on and deliver for patients and execute their Corporate strategy, which will ultimately deliver for Investors too.
I am surprised some of the more recently appointed Directors haven't made share purchases but hope that will change.
With regards to the AIM listing I suspect the Company sees little advantage to move to a main Listing given the fact NASDAQ and the specialist Biopharma Investors in the U.S. are what matter most. I may be wrong doubt the Company sees any specific benefit in moving off AIM.
As for a HK listing, I was disappointed that didn't happen because it seems to me opening up the Company to a huge pool of Asian Investors would be very beneficial. It is rare to see a company with listings in 2 Countries/continents outside of its own primary operating region.
Given the GA investment, with a possible further $100m to come, and the fact we could become cashflow positive in 2023 or 2024 I am not sure the Company will need to conduct another placing/IPO but I may be wrong on that. I assume that will partly depend on the success of Surufatinib in particular and how quickly we can get a launch in the United States.