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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1 | 290 | 0.510 |
1 | 50000 | 0.505 |
5 | 51000 | 0.500 |
1 | 6062 | 0.495 |
Price($) | Vol. | No. |
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0.530 | 14897 | 2 |
0.540 | 50460 | 5 |
0.545 | 12278 | 2 |
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