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$1.87 race oncology ltd

Race options thread, page-270

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SocialEddy

320 Posts.

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23/12/23

09:51

Post #: 71601385
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Originally posted by Davisite: ↑

The major reason for exercising the options early is doing so will help make your shares more valuable in the medium-to-long term. Having enough cash to undertake some of the high priority activities we have planned increases the probability that the SP will be well above the break even point come June next year, as well as help build long term value. The money that has come in already had allowed us to green light a couple of projects that would not have started until next June without the new money.

One subtle thing early conversion does is send a signal to any potential acquirer of RAC of how future thinking the shareholders are. The more shareholders are thinking of the long term value of RAC over the short term, the harder it is to make a predatory raid. If you think RAC is worth 100x the current SP you are much less likely to sell out for a lowball bid than if you think the market has got the price of RAC correct.

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not taking a stab, but if management covert their options early, it will send a great signal to shareholders.

RAC Price at posting: 81.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.87		Change -0.020(1.06%)		Mkt cap ! $317.6M

Open	High	Low	Value	Volume
$1.89	$1.89	$1.86	$25.61K	13.62K

Buyers (Bids)

No.	Vol.	Price($)
1	980	$1.87

Sellers (Offers)

Price($)	Vol.	No.
$1.89	97	1

View Market Depth

No.	Vol.	Price($)
1	1077	1.865
2	2220	1.860
3	9073	1.855
3	8100	1.850
3	8552	1.845

Price($)	Vol.	No.
1.875	516	2
1.885	337	2
1.890	6000	1
1.895	980	3
1.900	5201	2

Last trade - 10.57am 12/07/2024 (20 minute delay)

RAC (ASX) Chart