I've been a bit trigger happy and paid $2.50, but still have some dry powder in case of even better buying opportunities.
Just remember everyone, the fundamentals of RAC have not changed one bit. Management is working through its published strategy and this takes time. The outstanding potential of Zantrene has not changed.
Yes we are waiting for news to hopefully drive the price up, meanwhile we are being battered by Putin, the negative sediment towards biotechs and BG's selling.
It's tough to watch your investment head south, but if you believe in your long-term investment thesis, and the strategy of RAC managment, then these are great buying opportunities.
DYOR and good luck in your investing !
RAC - Charts & Price Action, page-10964
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Last
$1.95 |
Change
0.005(0.26%) |
Mkt cap ! $330.4M | |||
| Open | High | Low | Value | Volume |
| $1.93 | $1.96 | $1.91 | $91.41K | 47.18K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2130 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 2664 | 2 |
View Market Depth
| Last trade - 10.19am 16/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |