RE: Wave of blue15 Mar 2022 22:22
Many pharmas have turned blue today Avacta, Physiomics, Novacyt to take 3. My feeling is that traders have moved to oil and commodities. Brent crude has dropped from 130 dollars a barrel to around 98 dollars. We are not covid 19 reliant, at the same time have proven great results in investigations.
I would hazard a guess that traders will gradually inch back here.
On good toxicity results along with the indications that we intend treating at least a 30% rise, which of course is way below where we should be. My opinion old money 3.8 to 4.2p 190 to 210 new.
We have funding for stage 1 trials in 1801. Should be no problem along with satisfactory tox results for planned stage 1 human trial.
Look at around 60 day period for granting of stage 1 trial which should be a formality. Around June/ july announcement of commencement of stage 1 trials as long as we have completion of satisfactory amount of capsule with high purity formulation contained within.
Each of these stages reach a milestone which should then reflect in an increase in market cap.
What we do not know is if and how much and at what stage Sareum intend to raise further funds if at all. Infuriates most of us here i think. I would certainly not rule out a partnership, but we must steer clear of a Sierra oncology type license, whereby a company we deal with cannot guarantee 100% financial commitment due to other pipeline drugs taking priority.
We are one quarter down since consolidation and now to balance we need go up one third.
At consolidation we were at an approx 50% ie one half down since Peel .unt came aboard. We now would need a further 100% rise to restore market cap to these levels.
Is it achievable?
Yes but can take time and a few blips.
Can we go further?
Yes. looking at circa 400 to 500 million dollars towards end of stage 1. 12 to 15p old money 600 to 750p per share.
Based the 400 million up front on Nivolumab which i believe from memory was licensed at an under priced 400 million circa 2018 2019. SRA737 should complement well.
Any development news from across the pond should also inch us North.
Just my thoughts.
Enough from me and goodnight.