RE: SP reaction20 Jun 2025 17:05
Codejunkie
As I keep saying: it’s a race between needing cash and the publication of excellent P1b results. Though the market’s weak reaction to latest trial news is concerning.
So unless Avacta publish truly excellent trial results prior to, or at the same time as the offer, then experience and history tells me that the offer will be at a discount not a premium. They will want to raise a fair amount of cash in the offer to see us through at least 18 months I would guess. And share dilution will be a very minor secondary concern. IMHO of course.