The reality for this company is that if they haven't broken through within 3 more years it is likely to go nowhere.
My personal view is that I am sure RCE are looking for a big name partner to do a larger study in the USA. One mechanism for their involvement is that, the partner buys into RCE with capital - say takes 20% stake of the Company. That capital and existing capital provide a large runway for trial expenses, ALL of which is allowable under the R&D announcement yesterday. So the investing partner effectively gets additional free money from the Australian government to push along product development. A pharma with an interest in this space would see the Aus government funding as a massive free kick. I still see a deal being done with someone within 6 months.
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56.5¢ |
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Mkt cap ! $116.2M |
Open | High | Low | Value | Volume |
58.0¢ | 58.0¢ | 56.0¢ | $30.18K | 53.26K |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 20117 | 56.0¢ |
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Price($) | Vol. | No. |
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56.5¢ | 26230 | 1 |
View Market Depth
No. | Vol. | Price($) |
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4 | 20117 | 0.560 |
2 | 2901 | 0.555 |
1 | 1441 | 0.550 |
2 | 54874 | 0.545 |
1 | 1250 | 0.540 |
Price($) | Vol. | No. |
---|---|---|
0.565 | 26230 | 1 |
0.570 | 49979 | 1 |
0.580 | 9643 | 2 |
0.595 | 12898 | 3 |
0.600 | 50611 | 3 |
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