Pinned straw:
A look at DXB Release Date: 22/04/24
From Zero to Hero Market cap $250Mill
I think....Estimated quarters of funding item 8.4 / 8.1 = 7 to 9 months of Funding
Return (inc div) 1yr: 587.50% 3yr: 28.04% pa 5yr: 45.98% pa
Investor Centre | Dimerix Limited
These guys are trained: Example:
Dr. Poli holds a PhD in Industrial Chemistry from the University of Milan and is co-author of several patents and more than 50 scientific publications.
Mr Diamond holds a Bachelor of Science degree from Monash University and an MBA from Macquarie University.
placed on the watch list. Will DMX pull back a bit? To Allow for an entry. Circa 52 week high at the moment
DYOR
That's an interesting one @raymon68 - DXB put "N/A" at 8.5, but my understanding based on the instructions directly above that box is that they can only do that when their net operating cash flow at 1.9 is positive, and it wasn't. It was positive for the 9 months to date, but for the quarter - and this is a quarterly report - it was -$3.26m (negative 3.26 million), so I believe they should have put "10.8" at 8.5 in their Appendix 4C that they lodged on 22nd April for the March quarter. That's not a big concern, as 10.8 quarters is 2.7 years, so they're not going broke any time soon, however they still should have filled the form in correctly.
Incidentally, Dimerix were added to the MSCI Global Micro Cap Index last night - see here: MSCI_May24_MicroPublicList.pdf
That may help explain some of the buying we saw last week where their share price rose +45.6% from 34 cps (previous Friday's close) to 49.5 cps last night.