RCE 5.26% 60.0¢ recce pharmaceuticals ltd

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

  1. 4,000 Posts.
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    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



 
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Last
60.0¢
Change
0.030(5.26%)
Mkt cap ! $122.3M
Open High Low Value Volume
56.5¢ 62.0¢ 56.5¢ $158.1K 263.8K

Buyers (Bids)

No. Vol. Price($)
1 77741 60.0¢
 

Sellers (Offers)

Price($) Vol. No.
61.0¢ 30000 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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