Deinove - Milestone payment due in H2
Sep 20th 2012 - Edison Investment Research today published a report on Deinove entitled "Milestone Payment Due In H2". In summary, the report says:
Flat costs in H1 helped conserve cash resources. Achieving the second stage of the Deinol project will generate some income in H2, but it is attaining stages three and four, expected in 2013 and 2014, that will be critical in providing additional cash and external validation of the project’s progress. We estimate that Deinove could be worth c €20/share if the Deinol project is successful and that the market is currently ascribing a c 50% chance of success to this.
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