RCE 1.06% 47.5¢ recce pharmaceuticals ltd

I find the headline of the announcement a little misleading....

  1. 11 Posts.
    I find the headline of the announcement a little misleading. Correct me if I am wrong, but of the last cap raise, only about $10-12 million will go into research, of which probably $6-8 million will be spent this financial year. This gives a rebate of approximately $3-4 million. So overall this will only extend finances for 3-4 months. For this rebate to have a significant change, quite a lot of money has to be generated either through a cap raise, investment or selling a product.
    It is a positive thing this announcement will have for Recce, but not as good as I initially thought.
    Could someone with a bit more knowledge please clarify.
 
watchlist Created with Sketch. Add RCE (ASX) to my watchlist
(20min delay)
Last
47.5¢
Change
0.005(1.06%)
Mkt cap ! $96.89M
Open High Low Value Volume
47.0¢ 47.5¢ 47.0¢ $134.2K 284.4K

Buyers (Bids)

No. Vol. Price($)
2 60696 47.0¢
 

Sellers (Offers)

Price($) Vol. No.
47.5¢ 13798 1
View Market Depth
Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
RCE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.