Looks like there might be no answer from @RaceOncology , which I can totally understand.
RAC had under $1m in cash when it decided to raise capital back in August 2019. Given the recent spike in the share price, in my opinion a capital raise is coming, its just a matter of when. If I had to guess I'd say it will be within a month or even sooner.
Personally I wouldn't buy it now and if I could I would short here as I think minimum 20% retracement is on the cards. If anyone has found a broker that allows shorting in this stock, please let me know.
General Comments / Chat, page-104
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Last
$1.65 |
Change
-0.095(5.44%) |
Mkt cap ! $281.0M | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.78 | $1.62 | $285.9K | 170.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16759 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 12047 | 1 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |