As has been said, there’s really only one reason why people buy a stock but many many reasons why people sell.
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https://www.odt.co.nz/business/globa...nation-dunedin
"For us going forward, we have to get some serious capital and start doing more of what we’ve done."
The business update newsletter due out in the next few weeks (as confirmed with investor relations) should be telling.
Wouldn't be surprised if there was a capital raise this year, assuming CMS doesn't reimburse for past tests. However it shouldn't be all that dilutive given the current share price.
“ In the future, it was likely another hub lab would be set up in Singapore for logistical reasons.”.
Was that an analysis from the reporter or DD’s confidence from increasing uptake in that region? I don’t remember this mentioned in previous meetings or it’s just inevitable if numbers are increasing.
Singapore is another area they have been working on. Natural to have this as a hub as not far from next large market China.
When David Darling is talking about " serious capital " I doubt he's referring to going back to existing shareholders via the NZX to raise funds. I think " serious capital " would more likely be a listing on an offshore exchange or partnering up with a larger existing market player. I think the days of raising 30 or 40 million locally are probably over.
Sounds about right since he is talking about global domination 😂 - “ We have global domination from Dunedin, that’s our plan and we love being here.”
342036.pdf (nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com)
Salt taking some profits off the table.