Hi elbarto, believe me I feel your frustration. Am I concerned at the price we are sitting at present …no I’m not. And these are my reasons why:
The Bio market! The Bio market has had the biggest downturn for many years. There are a number of exciting Bio companies at present that have reported some great results and so much in the pipeline and yet they are suffering the same fate as RCE (or worse) and shareholders are asking the same questions as you and I are.
I do agree that with all these positive results we have achieved so far RCE should be a lot higher than 78 cents. The problem is that good positive announcements are not enough in this current market. The market wants more, it wants a life changing announcements and until then we may have to be satisfied with where we are sitting at present.
Hopefully when it comes to the Bio market there are appears to be a light at the of the tunnel with a slight positive turnaround in America and hopefully Australia will follow suit.
Cheers
RCE Price at posting:
78.0¢ Sentiment: Buy Disclosure: Held
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