A first readout from a Breast Cancer proof of concept trial plus preclinical results for FTO is absolute minimum data I think they should have before accepting an offer.
Ideally we want an AML trial also reading out.
By that time ( before breast cancer readout ) I think RAC will have more attention from overseas / strategic biotech investors.
First step could be a partnership with milestones. Buyout could then occur a while later.
A strong partnership would drive share price closer to fair value.
Ann: Change in substantial holding, page-66
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Last
$1.94 |
Change
0.055(2.92%) |
Mkt cap ! $330.4M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.96 | $1.85 | $333.0K | 174.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3105 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 7574 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |