RCR 9.52% 11.5¢ rincon resources limited

Ann: New Bullseye Gravity Target at West Arunta, page-561

  1. 9,763 Posts.
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    "there will be a CR, but it will be after Pokali drilling results
    unless the s/p suddenly jump up to 20c+ or higher than there's no reason not to raise money above that price
    but at current s/p, its still undervalued, with a lot of news flow in next month or so, management won't be silly enough to kill the momentum
    unless the current drilling doesn't show good sign."


    hmmm.....
    I know CR at 10c is much higher/better than last CR at 3.3c
    but DD/RC drilling results (Pokali) will be out in next few weeks (June/July)
    management should have some idea of the results
    so we can expect average or below average results from current drilling program, imo.




 
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