''once converted''
That's the bit to look at, you're really paying 75 cents for a share and the OPTION to buy 3 more for $3.75 at a later date.
The gamble is, will the shares be valued lower or higher than $1.25 in May 2026?
When the time comes to decide if you want 3 x shares for $3.75, you will have access to this information:
RC220 Phase 1a/b Trial
Start: H2 CY2024
Timeline: 12–18 months
Primary endpoints: Safety & optimal Phase 2 dose
Exploratory endpoints: Standard & advanced cardiac markers including VO2Peak, m6 A RNA levels, & anticancer efficacy
In saying this, I don't think your strategy of buying on market is a bad idea at all.
''once converted''That's the bit to look at, you're really...
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Last
$1.57 |
Change
-0.045(2.80%) |
Mkt cap ! $260.3M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.60 | $1.55 | $94.33K | 60.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1250 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 5000 | 1 |
View Market Depth
| Last trade - 14.37pm 16/05/2024 (20 minute delay) ? |
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Last
$1.56 |
Change
-0.045 ( 1.17 %) |
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| Open | High | Low | Volume | ||
| $1.58 | $1.59 | $1.55 | 8174 | ||
| Last updated 14.21pm 16/05/2024 ? | |||||
| RAC (ASX) Chart |