Looks like there might be no answer from @RaceOncology , which I can totally understand.
RAC had under $1m in cash when it decided to raise capital back in August 2019. Given the recent spike in the share price, in my opinion a capital raise is coming, its just a matter of when. If I had to guess I'd say it will be within a month or even sooner.
Personally I wouldn't buy it now and if I could I would short here as I think minimum 20% retracement is on the cards. If anyone has found a broker that allows shorting in this stock, please let me know.
General Comments / Chat, page-104
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Last
$1.46 |
Change
0.095(6.96%) |
Mkt cap ! $246.1M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.50 | $1.35 | $92.04K | 65.33K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2589 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 986 | 1 |
View Market Depth
| Last trade - 12.31pm 06/08/2024 (20 minute delay) ? |
| RAC (ASX) Chart |