Shorters min the Know?, page-6

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16/11/18

16:27

Post #: 36535843
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Originally posted by TheGreatDane ↑

If RCR persist with their Infrastucture division as is, there will be no RCR by Easter next year.
They are bleeding money hand over fist with $100M raise and blaming it on one project for the losses which is I believe deceptive.
They have made the same mistakes time and time again with their solar projects losing on average 20% per project, giving jobs to the boys and having a nepotism arrangement on their sites and not listening to construction professionals who are trying to help with their short comings, poor QA, scope of works and accountability is also costing them money.
RCR's share have fallen from $4.80 to $0.87 in twelve months with a share raise @ $1.00 when they went into a trading halt @ $2.80 is disgraceful for existing holders !!!
One of the major players like Downers/ Monodelphous hopefully will buy them out and sensibly close out the profit draining parts of the company and hopefully keep some jobs for the people still working for them.

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TGD, you seem to be close to the action?

Please make sure Korda Mentha have nothing to do with any VA or restructure project involving RCR. The only beneficiary with be KM with shareholders funding their activities.

Any option will be better than the KM solution.

RCR Price at posting: 87.0¢ Sentiment: Hold Disclosure: Held
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Last 1.3¢		Change 0.001(8.33%)		Mkt cap ! $3.803M

Open	High	Low	Value	Volume
1.2¢	1.3¢	1.2¢	$26.38K	2.063M

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10	3345095	0.011
5	1722323	0.010
5	1513333	0.009
3	480000	0.008

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