RCR 5.88% 3.6¢ rincon resources limited

half yearly due this week, page-3

  1. 3,479 Posts.
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    I read in the paper several weeks back (in regards to the mining boom) that companies are no longer reporting contracts due to the large amount of contracts being won. The West specifically mentioned RCR as an example.

    RCR recently were awarded $40 million contract to build apron feeders and conveyors. They are still constructing them and have yet to be paid so they will probably appear on the yearly report.

    Their new electrical business is performing above expectations with a full book.

    I suppose 10mill is not enough profit for some. Maybe they need to stop buying companies and look towards organic growth???

    Good time to top up me thinks.. Twas $2.90 a few months back.
 
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