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1.8¢ rincon resources limited

Ann: A$5.6m Raising to Expand West Arunta Exploration, page-88

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Mustwin1

2,411 Posts.

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22/05/24

21:26

Post #: 73963496
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Originally posted by Trade4Profit88: ↑

it is very simple
they raise the money when they don't need to
they raise the money before drill results so either it has been priced in or results are not good (we don't know)
but certainly I don't see any thing in short term that will drive the price higher than recent high until they start any drilling (avalon)
so if it doesn't go up it will side way and down to find support.
stock market isn't hard to understand and the people who run the company are the experts in the field
so they know when it's the right time to raise money, if they think it will go higher then they will wait.

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Completely wrong, why bother paying 10 cents now when the institutions could wait for bad results and buy it much cheaper on market! God some people honestly!

RCR Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.8¢		Change 0.000(0.00%)		Mkt cap ! $5.266M

Open	High	Low	Value	Volume
1.8¢	1.8¢	1.6¢	$54.45K	3.260M

Buyers (Bids)

No.	Vol.	Price($)
1	236791	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	694462	5

View Market Depth

No.	Vol.	Price($)
1	236791	0.017
1	500000	0.016
5	333416	0.015
4	1585636	0.014
3	148465	0.013

Price($)	Vol.	No.
0.018	694462	5
0.019	1187365	8
0.020	947474	6
0.021	970000	3
0.022	601538	5

Last trade - 16.10pm 04/11/2024 (20 minute delay)

RCR (ASX) Chart