Ann: Results of Entitlement Offer, page-4

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Rykster

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16/05/25

13:41

Post #: 79073204
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Originally posted by elbarto: ↑

The results are in: $8.4M total (before costs) across its $5M placement and $3.4M entitlement offer.

Only ~$3.4M of the $10.8M offer was taken up (~31%). That’s low. i think it reflects fatigue from retail holders or just lack of confidence in near-term execution. For a company pushing into Phase 3, you'd expect stronger support.

That gives Recce a runway of ~9–10 months, potentially into Feb/March 2026,

✅ Launched a A$3.4M entitlement offer Placement + Entitlement = 6.8months
✅ A$10M R&D advance = 21.0months
✅ A$8.5M R&D rebate + R&D advance (expected Q4 2025).= 34.2months

that R&D is a life saver

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"that R&D is a life saver"

Unlike RCE327.

RCE Price at posting: 29.0¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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(20min delay)
Last 30.0¢		Change -0.015(4.76%)		Mkt cap ! $86.51M

Open	High	Low	Value	Volume
31.0¢	31.0¢	30.0¢	$9.789K	31.99K

Buyers (Bids)

No.	Vol.	Price($)
7	31685	30.0¢

Sellers (Offers)

Price($)	Vol.	No.
30.5¢	17918	2

View Market Depth

No.	Vol.	Price($)
6	31679	0.300
2	100523	0.295
6	35183	0.290
1	35000	0.285
11	269420	0.280

Price($)	Vol.	No.
0.305	17918	2
0.310	94452	3
0.315	523	1
0.320	523	1
0.330	25000	1

Last trade - 15.17pm 16/06/2025 (20 minute delay)

RCE (ASX) Chart

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