True, but I would have thought sentiment would have changed well and truly to the positive now?
Sellers today are likely traders, sellers yesterday were likely holders from down lower either selling based on TA or just taking a few off the table at resistance. Volume will be the key down lower. 5.5m yesterday around 18c and 1.6m today at .1738. It really is up to shareholders now, sell to sell out or some will try and trade it.
US$5.5 m 0r $7.6m AUD might be chicken droppings for AGC but it's a lot of coin for RGS as merely an up front payment! It will take cash levels up to $9.1m and last the company all this year and much of 2018. I think the milestone payments will be based on the usual achievements of completing different phases of testing and commercialisation etc. Should kick in second quarter next year I would say giving the coy even more cash. No raising here for years if ever again imo.
RGS Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
