RCE recce pharmaceuticals ltd

Ann: Appendix 4C and Activity Report, page-2

  1. 5,497 Posts.
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    All looks pretty good. Still a good amount of cash in bank, no debt, just waiting for govt approval on surface/ burns phase 1/2 trial. And I guess big R&D refunds expected from govt also going forward. Seems the newer formulation 529 was specifically formulated for anti viral action so will ne intrresting to see how that goes In usa trial.
    If they do find they need more cash then with current sp that should be easy. Could raise 30 million dollars by issuing only 23 million shares at 1.30. That would last a while. Amazing position to be in considering the current sp and share register. Hopefully onwards shortly to my $10 target lol.
    Last edited by andrewk65: 31/07/20
 
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