Replies to post #2451 on BioLineRx Ltd (BLRX)

[jcon777]

Maybe a leak in good news?

Maybe someone leaked good news about earnings?

[Spideyboy]

Hi Midas,

Not to be a spoil-sport, but I don't believe there is any cooking per se. Just some speculation before the earnings report today. Not to say that it will go down after today's report. But I don't expect anything of material value that we don't already know in general.

I would expect them to report that they are on about 50 million USD cash, based on prior burn. But perhaps about 45 million depending on how much they may have already decided invest into the commercialisation plan.

Thus I would at most expect them to have max 20-25 million in the bank at September's expected approval, giving them about 1-2 quarters cash after approval, thus very high chance of a raise directly after expected approval.

While it was a nice bump yesterday, they need another 35% increase to get to the 1USD mark and stay there for 10 days. If the r/s does happen, I would expect it to happen in the next 2-3 weeks. Testing times.

The conspiracy theorist in me was wondering if yesterday's bump is not retail investors speculating on today's earnings report, might be insiders aiming to prop-up the stock buying shares on the open market. But this is just conspiracy silliness on my behalf :) But it would be a one-two punch to show confidence as well as help avoid the r/s and delisting issues.