Re. There is no reason or purpose atm for additional funds
The single biggest bottleneck IMO to achieve share price appreciation is speed of execution: RAC needs to significantly derisk by moving as many existing pillars toward end of clinical trials - and also materialise revenue opportunities by working on more pillars.
I cannot help but think that more well-spent capital could help RAC to deliver value quicker, in one way or another. Right now with a market cap of ~230M, RAC's annual budget of ~4-5M seems very shy and could get a little cash boost without diluting too much (especially if done with existing shareholders using a SPP). Granted, wombat previously hinted that the Board does not wish to diluate capital more than necesary.
Of course, I am biased. As an investor, I tend to look at 12-24 months return window max. I really wish to see significant SP progress on the back of FTO and Breast Cancer pillars by then.
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