Not only that but the EV of Race (i.e. minus cash on hand) is rapidly approaching USD100 million. Further depreciation in the share price and/or AUD will knock it into double digits. Surely there's a point where it becomes attractive for someone to try and pick up the lot. Clinical effectiveness in AML alone should justify the current price, and they could get cardio-protection, FTO, RC220 (plus the other formulation alluded to), and everything else thrown in as a gamble.
Not only that but the EV of Race (i.e. minus cash on hand) is...
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Last
$1.70 |
Change
-0.140(7.61%) |
Mkt cap ! $289.4M | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.89 | $1.70 | $456.4K | 259.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 8662 | 1 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| RAC (ASX) Chart |