Unless there is a "deal in the wind" the financial future looks very bleak.
The recent announcements are great if you have money to spend on R&D as they provide rebates on money spent I.e. if u spend money you get money back.
At the end of Sept 23 Recce had $8.4 million in cash (after the CR).
The average quarterly R&D spend is $2.4 million and admin spend is $2.0 million.
Accordingly by the end of March 24 there will be very little cash left. Certainly some time in the June 24 quarter there will be nothing left, even allowing for R&D rebates.
A miracle is required!
Ann: RCE Awarded Further $11.17m Advanced Overseas Finding, page-25
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Last
30.0¢ |
Change
0.005(1.69%) |
Mkt cap ! $86.51M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.0¢ | 29.0¢ | $37.22K | 127.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8471 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 17050 | 2 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| RCE (ASX) Chart |