Do the numbers in this announcement actually stack up?
Should the $853k be the total to be received for R&D for FY17 not an additional amount. I understand that a company can only claim up to 50% of its total R&D on O/S spend. Given that Recce have already received $427k for Australian spend then double that is $854k. This would mean 50% for Australian spend and 50% for O/S spend.
I rang Recce’s media advisor seeking clarification and he was not able to answer my question.
Does anyone else have any thoughts as the R&D space is not simple to understand?
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
38.5¢ |
Change
-0.035(8.33%) |
Mkt cap ! $106.9M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 42.0¢ | 37.0¢ | $75.90K | 188.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 37719 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 50000 | 1 |
View Market Depth
| Last trade - 15.53pm 29/07/2025 (20 minute delay) ? |
| RCE (ASX) Chart |