RE: £ 1 Party , HIKi would come , but wont leave the room.29 Nov 2024 23:56
The last raise, whilst only 600k, was to a single investor, and even though they flipped the whole lot, the price didn’t fall below the placing price. That’s a positive for me, in that the market knows there is value above what they can raise at.
As the trial develops, assuming early data is positive, I expect a steady rise in the price.
Given Stage 1 may take up to 18 months perhaps (educated views welcome), I think we may need to raise more than £5m, but if we pass that milestone we are talking about a drug with a value measured in the 100’s of millions. Even with 100% dilution from here, that’s a huge return for current holders.