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1.08%

47.0¢ recce pharmaceuticals ltd

At this stage in phase 1 and with the IP we have, what do you...

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chezza1

3 Posts.

18/01/22

16:37

Post #: 58953058
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Originally posted by chrisau: ↑

Still massively undervalued in my view.

But don't take my word for it - it was in September 2020 that a bunch of big boy institutional international and sophisticated investors put $30 million into Recce at $1.30. I wager they would not have done that without a few smart cookies doing a lot of due diligence.

Since then the proposition has been massively de-risked in the form of human ethics committee approvals, positive efficacy and safety results from the PHI/II burns study and now positive safety data coming back for the PHI. And whatever else is going on in the background - in interviews James always seems to have a positive outlook and a wry smile.

The upside is well understood - a possible cure to the most expensive condition in the US health system ($24B yearly) and others have posted the PE napkin math on here before (huge numbers). Now it's a matter of slowly jumping through the hoops on the way to getting this to market. That risk gets smaller each day and I don't think the SP currently represents the risk/reward accurately.

GLTA

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At this stage in phase 1 and with the IP we have, what do you think is fair value for this company?

RCE Price at posting: $1.34 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 47.0¢		Change 0.005(1.08%)		Mkt cap ! $108.9M

Open	High	Low	Value	Volume
47.0¢	47.0¢	45.5¢	$112.0K	245.3K

Buyers (Bids)

No.	Vol.	Price($)
3	111416	45.5¢

Sellers (Offers)

Price($)	Vol.	No.
47.0¢	2511	1

View Market Depth

No.	Vol.	Price($)
3	111416	0.455
6	128522	0.450
1	3000	0.445
8	119780	0.440
1	50000	0.435

Price($)	Vol.	No.
0.470	2511	1
0.475	8753	1
0.500	71020	2
0.510	11000	1
0.520	10000	1

Last trade - 16.10pm 07/11/2024 (20 minute delay)

RCE (ASX) Chart