General Comments / Chat, page-10154

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johndprent

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21/01/24

10:59

Post #: 71984131
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Originally posted by Rhino1963: ↑

That maybe the case for a company that is trading and has little volatility in the SP.
I understand your argument, which is to protect the board for future litigation.

However, RAC is not a trading company so I cannot see how a merchant bank could value RAC.
We have the Triangle Report and as the milestones are achieved the risk moves from 98% to something less.
I still think the board are obligated to advise the full potential of the asset.

As a major Shareholder, Dr. T would also weigh into the argument.
Especially if his involvement as an employee was planned to be terminated.

It really is just academic, because I don't believe a hostile takeover will eventuate.

If something were to happen, don't forget it has been discussed the original board were looking to flip Bisantrene for AML only for circa $30ps. There is your starting point, and every SH would have made a good return.

Cheers

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The original board were targeting an exit of roughly our current market cap - not $30/share.

That's why they were happy cutting and running on our way up to ~$600m. And why JC seems to be unfazed selling at these levels.

The most absurd case of anchoring that I've ever seen.

RAC Price at posting: 81.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.15		Change 0.000(0.00%)		Mkt cap ! $198.9M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	9986	$1.17

Sellers (Offers)

Price($)	Vol.	No.
$1.09	1106	1

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No.	Vol.	Price($)
1	9986	1.165
3	15170	1.160
1	1000	1.155
1	2468	1.150
1	195	1.145

Price($)	Vol.	No.
1.160	12640	1
1.180	1775	1
1.185	4359	2
1.195	1855	2
1.200	1470	1

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RAC (ASX) Chart

General Comments / Chat, page-10154

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General Comments / Chat, page-10154

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