RCE 0.00% 48.0¢ recce pharmaceuticals ltd

The way I see this online purchase is,The considerations and...

  1. 3,325 Posts.
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    The way I see this online purchase is,

    The considerations and possibilities
    - This is a strong vote of confidence in the company by James, it is serious money.
    - This removes a large parcel of shares from retail circulation, as such more power to the board.
    - This indicates that a capital raise is NOT in the near future, If one was James would simply wait.
    - This indicates that a news event of substance is nearer than any possible capital raising event and James wants cheap shares.
    - This indicates that the capital raise is a part of the news event and will be contained to the substantive event only.
    - This could be seen as of interest and I hope he has a legitimate strategy in place.

    I am actually in favour of the purchase because it reflects strong confidence, sends that signal and indicates progress, possible near term news and respite for shareholders.
    RED
 
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48.0¢
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Mkt cap ! $111.1M
Open High Low Value Volume
48.0¢ 48.0¢ 47.0¢ $25.56K 53.63K

Buyers (Bids)

No. Vol. Price($)
3 29347 47.0¢
 

Sellers (Offers)

Price($) Vol. No.
48.0¢ 2624 2
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Last trade - 13.01pm 15/08/2024 (20 minute delay) ?
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