Based on our loss reported in the annual report last year we lost 4.3 Million (call it 5 Million) thats approx 5 more years of cash runway at current burn rate with an extra 27 million on the books. Should get us to at least Phase 3 trials and beyond!
I think shareholders will sleep a lot better knowing that capital is not a worry in the medium term.
Also a dip in share price could happen post raisebut not 100% guaranteed. James seems to be a good businessman I wouldnt be surprised if we get some results from the CSIRO or another super bug in the VERY NEAR TERM to followup from this Capital raise. It will help with continued share price momentum.
RCE Price at posting:
$1.64 Sentiment: Buy Disclosure: Held
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