RCR rincon resources limited
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Ann: Continuation of Voluntary Suspension and Business Update, page-15

  1. Hotfire
    19,938 Posts.
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    08/08/18
    08:10
    Post #: 34790361
    yeah $20M was my initial estimate, and if that were the case, then yes i would have been a buyer.

    However more info has now been revealed which mentions negative financial result.

    Since the expectations were for $35mil profit FY then obviously the impact of this issue is not going to be $20mil.

    Based on this news, then initial reaction will surely breach 2.55.

    Are you happy now?
    RCR Price at posting: $2.80 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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