RAC 0.86% $1.77 race oncology ltd

RAC - Charts & Price Action, page-4628

  1. 2,643 Posts.
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    Hi Mason, we're operating with exponential growth rates here so the share price ratio of 423% in 147 days is like doubling twice in 147 days; ie approximately doubling every 73 days or doubling 5 times a year. If that same growth momentum continues for a year then we're talking 32x for the 12 months (that is a 3100% gain for the year).

    Note also that the $1 to $4.23 is a 323% gain while the ratio is 423%.

    These concepts of ratios, gains and growth rates are important when we're talking growth rates versus linear growth. As is commonly attributed to Einstein "Compound interest is the 8th wonder of the world."

    For those who have been invested since winter 2019; the rise from 10c to $1 was a 10x event with a gain of 9x; in the 147 days since we left $1 behind it's a 4x event but the gain is 30x the initial investment. The first 10x is good; the second 10x is awesome because it's actually 100x; if we ever get toward the $100 range it's going to be staggering because the next 10x is actually going to be 1000x. You have to imagine a pretty small initial investment before 1000x isn't a significant event.

    Some of the first posts I think I recall reading on Hot Copper were now familiar RAC holders expressing disbelief at getting on a plane and then getting off again to find that 8 cents had been left behind. Now we sometimes see 50 cent movements intra day! That's five bags in a day for a 10c buyer and that's the power of compounding growth and the power of running winners.

    With so many "baked on" investors from 2019 and early 2020 still here there could be some astonishing outcomes for long term holders to match the lifesaving potential of bisantrene.
 
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