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58.0¢ recce pharmaceuticals ltd

I'm thinking just because current announcement indicates...

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andrewk65

5,252 Posts.

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21/09/20

10:20

Post #: 47495214
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Originally posted by chrisau: ↑

Very interesting. We knew it was coming - based on the cash position and the burn rate it was bound to happen at some point. I think it's better to raise when you still have some money and not right until you are running on fumes to raise.

We are in a strong position so it makes sense to capitalise on the strong SP. Whilst it is a decent discount, think of where the SP was one year ago. 90% of something is better than 100% of nothing. Cash is king, and running out of money can kill the best of businesses. Based on current burn rate this raise should support operations for a good while. Well into phase 2 which will increase costs.

Only offered to instas - what do you all make of this? Whilst it's disappointing that retail investors miss on the opportunity to participate in the raise - to me it says the company knows its value and trusts that the pros know it too. This is no covid pop-up shop.

GLTAH

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I'm thinking just because current announcement indicates placement only doesnt necessarily mean there wont be a spp. Could just be in a following announcement. maybe they are targetting 30 million.

RCE Price at posting: $1.64 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 58.0¢		Change 0.010(1.75%)		Mkt cap ! $118.3M

Open	High	Low	Value	Volume
59.3¢	60.0¢	57.0¢	$118.9K	208.4K

Buyers (Bids)

No.	Vol.	Price($)
1	999	58.0¢

Sellers (Offers)

Price($)	Vol.	No.
60.0¢	158533	1

View Market Depth

No.	Vol.	Price($)
1	999	0.580
1	41893	0.570
1	50000	0.565
2	51000	0.560
1	18145	0.550

Price($)	Vol.	No.
0.600	158533	1
0.605	2000	1
0.610	20000	1
0.620	2000	1
0.645	629	1

Last trade - 16.10pm 28/05/2024 (20 minute delay)


Last 59.0¢			Change 0.010 ( 2.61 %)
Open	High		Low	Volume
57.5¢	59.0¢		57.0¢	35799
Last updated 13.50pm 28/05/2024 ?

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