Australia's largest stock trading and investment forum Australia's #1 stock forum

RAC

Click for more information

0.00%

$1.61 race oncology ltd

Ann: Quarterly Activity Report & Appendix 4C, page-78

First 78 Last

Share
Profile

Follow
Brucekoala

876 Posts.

1077

24/04/24

16:40

Post #: 73502053
Share

Originally posted by Hunterr: ↑

Hello, I have asked this question awhile ago. Maybe you did not read it because I did not get a response or maybe you don't want to answer it which is fine.
But what is the reasoning of buying $4.25 options ?
When you can buy on market and acquire so much more today's price, you will have 10,000 extra shares for every transaction and when we were trading around $.70, you're around $20,000 Extra shares Monthly better off.
Today's prime example if you use your money $20,000 worth. We won't be sitting on $1.29. We could of closed at $1.44 so I don't understand the reasoning for it. Yes it's it's a good example and confidence and yes the money goes into RAC account,
But just still does not make sense to me to do it this way. Is there any reasoning besides what I just said?
Seems like Robin Peter to pay Paul scenario you are better off purchasing on market and therefore the share price rising

Expand

Have a read of this ann from 22/11/23 @Hunterr for a refresher ......

https://app.sharelinktechnologies.com/announcement/asx/8c49a8e0a662d8b244babbe06b1b7d01

RAC Price at posting: $1.29 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

PAM

PAM secures high-grade Chilean copper play in strong territory

IVZ

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

AZL

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

There are more pages in this discussion • 50 more messages in this thread...

First 78 Last

Add RAC (ASX) to my watchlist

(20min delay)
Last $1.61		Change 0.000(0.00%)		Mkt cap ! $273.4M

Open	High	Low	Value	Volume
$1.61	$1.66	$1.60	$207.2K	127.1K

Buyers (Bids)

No.	Vol.	Price($)
6	25510	$1.60

Sellers (Offers)

Price($)	Vol.	No.
$1.64	12000	1

View Market Depth

No.	Vol.	Price($)
6	25510	1.600
1	31000	1.590
1	10000	1.585
2	8233	1.560
4	15571	1.550

Price($)	Vol.	No.
1.640	12000	1
1.655	858	1
1.665	352	1
1.670	1845	1
1.690	1085	2

Last trade - 15.49pm 29/07/2024 (20 minute delay)

RAC (ASX) Chart