my understanding is that “under the radar” just means not actively approaching and shopping the company with big pharma - that’ll be done in a concentrated roadshow once management have collected a little bit more data.
I think there is (and definitely should be) normal investor relations activities like talking to these kinds of funds going on. @RaceOncology should be able to confirm that (not market sensitive IMO - talking to investors and explaining the company’s potential and plans is expected of public companies like Race). The run up in price before a buyout is going to be driven by many more retail investors and perhaps some of these funds buying in.
Industry news, page-15
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Last
$1.59 |
Change
0.010(0.63%) |
Mkt cap ! $270.9M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.60 | $1.56 | $168.3K | 106.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 51 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 20000 | 1 |
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| RAC (ASX) Chart |