RCR 4.76% 10.0¢ rincon resources limited

Ann: 2024 EXPLORATION CAMPAIGN - WEST ARUNTA, page-726

  1. 11,159 Posts.
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    Sounds like Gary is being very careful with his words. 'Cherry on top' rhetoric sounds like it capped off a very successful visit. Hopefully he liked what he saw in the core. Generally, companies do not need to report on any core visuals or geological intersections. It is not mandatory at all, even if it looks like a successful hit to the geologist. Most companies generally just wait until the assay results are returned because anything prior to that is a lot of speculation, plus there is higher risk for misinforming the market which no management wants to do. Always let the accuracy of the data do the talking is my philosophy!

    From the Webinar, Gary did sound like the type of management who want to go above and beyond and inform the market as much as possible. I am sure we will get an update of some sort before early next week, once they have the time to write it up in the office.

    The share price action has been horrible lately, I am not back in the red with this close below 3c. However, I have an active buy order mid 2c, to average down in the event this market gets more crazy and there are further sell offs.
    Last edited by coto: 21/03/24
 
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