RCE 0.00% 55.0¢ recce pharmaceuticals ltd

talk about short term worry warts! Hardly know where to start to...

  1. 3,993 Posts.
    lightbulb Created with Sketch. 466
    talk about short term worry warts!
    Hardly know where to start
    to educate you lot on market basics in this particular circumstances !
    it’d take lines and lines
    firstly its what recce needed fully funded on the unexpected widening opportunity in multiple applications from that budgeted only a year ago! Including perhaps an efficacious covid therapy
    minimal issue of shares to achieve full funding for exploring all these opportunities - say 180 mill on issue with some 35pct held by insiders
    introduction of new major institutions likely taking a piece of whats on offer and retail short termers likely excluded
    if this isnt highly over subscribed id eat my hat again
    if new entrants need / desire to establish a relevant shareholding after the placement distribution the stock will remain highly sought
    if you guys are hoping to get in anywhere near the placement price im sorry for your likely disappointment in advance

    cascading news coming in over the three months will more likely see $2 than $1.50
    betcha
    ha ha



 
watchlist Created with Sketch. Add RCE (ASX) to my watchlist
(20min delay)
Last
55.0¢
Change
0.000(0.00%)
Mkt cap ! $112.1M
Open High Low Value Volume
55.0¢ 56.0¢ 54.0¢ $48.29K 87.33K

Buyers (Bids)

No. Vol. Price($)
1 4874 54.5¢
 

Sellers (Offers)

Price($) Vol. No.
55.5¢ 20000 1
View Market Depth
Last trade - 15.48pm 17/06/2024 (20 minute delay) ?
Last
55.5¢
  Change
0.000 ( 1.83 %)
Open High Low Volume
56.0¢ 56.0¢ 54.0¢ 13528
Last updated 15.44pm 17/06/2024 ?
RCE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.