Unfortunately there has been alot of manipulation on this stock. Its quite unfortunate but allowed for a little bit more accumulating and a good entry price for people willing to hold for the longer term. Imo.
I'm honestly ignoring the ups and downs to the best of my ability. I will admit I do find it frustrating at times but long term nothing has changed. Their compounds are revolutionary and stand to shake up the whole antibiotic world as we know it.
Covid is an unfortunate circumstance for the world and a fortunate circumstance for RCE. EVEN IF it does not become a treatment for covid I think the data gained and the testing being accelerated is a terrific result long term.
The burns trials are world first on patients with existing mrsa resistance. If these test are successfull I beleive accelerated testing and a clear path forward to commercialisation with a big pharma as a partner is on the cards. Just my opinion but this I beleive has a chance of becoming one of Australia's greatest pharmaceutical companies.
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