RAC 0.34% $1.45 race oncology ltd

Ann: Application for quotation of securities - RAC, page-28

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    I would take it more as "sophisticated biotech investors" don't really have any more of a clue than the average retail investor. Based on my personal experience the retail investors I speak to have far more of an idea about biotech than the average sophisticated investor - money doesn't substitute for research effort.
 
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