bad idea not selling in depressed market all the while diluting current mc by 5% for $7,500,000 while keeping current product for sale at circa 130% current value in the future ($15,000 future opposed to $12,000 now)
$7,500,000 / $15,000 = 500
compare that to 650kt rss and open at depth
thats 500 ton of product for 5% of the life of company, yes, we gave away 5% for 500 ton where we have 650kt rss
effectively, we are not even producing at 25% of nameplate, if we were, we would have sold the product or even secured a loan at 20% annually
our JV is in control and bending us over the barrel
I would love to read the JV agreement and understand why our MD and BOD are sitting around making such poor decisions,
business is business, and what's occured is poor management of our JV
ps. i dont have to be a director to understand simple maths
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bad idea not selling in depressed market all the while diluting...
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Last
8.5¢ |
Change
-0.008(8.60%) |
Mkt cap ! $123.7M |
Open | High | Low | Value | Volume |
9.0¢ | 9.3¢ | 8.5¢ | $362.9K | 4.093M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 459867 | 8.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.7¢ | 93664 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 459867 | 0.085 |
3 | 99873 | 0.084 |
4 | 169062 | 0.083 |
3 | 336585 | 0.082 |
2 | 114691 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.087 | 93664 | 1 |
0.088 | 232558 | 1 |
0.089 | 69615 | 2 |
0.090 | 91167 | 2 |
0.091 | 52101 | 2 |
Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
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RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
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