The stock price was 60 cents after the failed TGA application in Feb last year, then 40-50 cents while the Board commenced a review process, it was then 15-20 cents in Nov last year, at a time when the company was under scrutiny over their reporting obligations in regard to the TGA application. In summary, a lot of doom and gloom to say the least!
Since then, the Board released a well thought through Strategic Plan (Dec), and commenced a capital raise to fund it, (ending today). And so, not surprisingly, we currently see the price at 10 cents in line with the raise price. IMHO it won't take much to propel the price back to at least 20 cents... and there is certainly a good news to be announced regarding a new CEO in the near term, and test improvements/validation in the medium term.
RHY Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
