Ninie - possibly negative sentiment because they have indicated they are looking at a capital raising. Why do the need to do this? Because they are worried they are going to slip into the red, or because they want some cash up their sleave for further development work? Will they be able to raise any cash, and if they can, surely the terms aren't going to be very good in the current economic client and with the share price so low!!!
As for CSIRO, they have done some great work but some of their developments have come to nothing. Remember CSIRO is a research arm, NOT a marketing company. If the management of a company are incompetent, or if the company doesn't have cash, with or without CSIRO, they'll go down the toilet.
CSIRO hasn't had a lot of success with biotech's, however, they may have been more successful in other areas. Any companies that people know where CSIRO has been a significant participant in the development and the company has succeeded???
Maybe if they remove the fundraising overhang DDT MAY recover
DDT Price at posting:
2.2¢ Sentiment: Hold Disclosure: Not Held
