Ok then TO talk again...21 Nov 2020 07:56
Some think we are in an auction for a TO now or potentially could be soon. My Question is what are the hopes against the reality and what would people actually take for a TO do offer.
I’ve said before that I believe there is huge potential here If the primitive data is to be believed and translated into human trials. However, I’m also realistic that if it was all as good as it claims to be a major would have thrown some spare change at us already.. be that $250 -$500m...it’s relatively very little on a major Pharma R&D budget.
So potentially this could go for in excess of $1bn potentially up to $3bn as a take over, which is where some are getting the £ sp potential from.
But realistically if we haven’t already had a whimsical $300-$500m or 7-12p ps offer presented, why should the expectation be that it would suddenly be 30p, 50p or anything more?
What would people be happy enough to take next week if a TO was tabled next week?
Here’s hoping we ha eh to make such a decision soon, GLA