RLT is about to have fireworks on multiple fronts. I'm a little flat out today but will hopefully have time for a much more detailed post/thread tonight. I've been doing some digging and everything in South Africa points to RLT winning the deal to distribute J&J's vaccine.
On a second front it was rumored a while ago that Notable Pioneer may be considering a takeover bid for RLT via HE8 which he is a major shareholder of. The rumors could have some validity as HE8 just completed a $12M CR. This signals to me they may be bolstering their balance sheet before a bid.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02345519-6A1021599?access_token=83ff96335c2d45a094df02a206a39ff4
A bid from HE8 would never be successful and only serve to put a floor price in RLT. As delusional as the pursuit might be if HE8 wanted to make a bid for anything $2.50 or less it would need to be in the next week or 2 before Cryovacc and Virginia Helium/Gas results are released. A commercial Cryovacc product and helium resource would have this pegged at $10+ a share.
Goodluck shareholders. I think we are very close to new all time highs.
RLT is about to have fireworks on multiple fronts. I'm a little...
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72.0¢ |
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0.005(0.70%) |
Mkt cap ! $21.83M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 72.0¢ | 72.0¢ | $3.823K | 5.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19740 | 72.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.0¢ | 6138 | 2 |
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| Last trade - 10.06am 17/07/2024 (20 minute delay) ? |
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