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65.0¢ recce pharmaceuticals ltd

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

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andrewk65

5,232 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 65.0¢		Change 0.010(1.56%)		Mkt cap ! $132.5M

Open	High	Low	Value	Volume
64.5¢	65.5¢	64.5¢	$26.17K	40.36K

Buyers (Bids)

No.	Vol.	Price($)
2	10615	65.0¢

Sellers (Offers)

Price($)	Vol.	No.
65.5¢	6974	1

View Market Depth

No.	Vol.	Price($)
2	10615	0.650
1	13387	0.645
3	38930	0.630
1	4878	0.615
1	12099	0.610

Price($)	Vol.	No.
0.655	6974	1
0.660	70000	1
0.665	50000	1
0.670	50598	4
0.675	50000	1

Last trade - 16.10pm 13/05/2024 (20 minute delay)


Last 65.0¢			Change 0.010 ( 1.56 %)
Open	High		Low	Volume
65.0¢	65.5¢		65.0¢	1745
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