Well with my analysis with what we should be trading currently,
With all the trials and what was done years ago if we had to do it now would cost $500,000,000 so RAC has saved that money with testing already done.
Don't forget we can use the historical data for FDA approval.
we have a market cap of about 300m
So don't need to be a rocket scientist to know we should be around $3 just on that alone.
For some reason people keep dismissing that saving!
Now we hit $4.20 with the news of FTO and cardio protection so I gave it a conservative price of $3 that gives you $6
No one knows we're it will go 100% as this is something new for all but $6 minimum in my view.
like it or not that's my dart board analysis if you have a better way of doing it, I would like to hear it
Anyway, with 216,000 shares I think I'm the one that's going to be laughing at the end
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Last
$1.84 |
Change
-0.035(1.87%) |
Mkt cap ! $308.3M |
Open | High | Low | Value | Volume |
$1.88 | $1.88 | $1.79 | $161.9K | 88.43K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | $1.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.86 | 3644 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | 1.875 |
2 | 34299 | 1.840 |
1 | 3000 | 1.810 |
2 | 1276 | 1.800 |
1 | 1231 | 1.790 |
Price($) | Vol. | No. |
---|---|---|
1.860 | 3644 | 1 |
1.875 | 198 | 1 |
1.895 | 3000 | 1 |
1.900 | 33 | 1 |
1.940 | 5148 | 2 |
Last trade - 15.53pm 18/07/2024 (20 minute delay) ? |
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RAC (ASX) Chart |