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1.7¢ rincon resources limited

Ann: Avalon Nb-REE Drilling Gets Underway, page-298

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jimmyjazz87

1,867 Posts.

174

31/07/24

12:23

Post #: 75002420
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Originally posted by coto: ↑

Like 99% of explorers, they go back to the drawing board, reevaluate their assets, find more targets, raise capital and explore and drill again. In the very unlikely event that the juicy Avalon target comes up as a duster, then we likely retreat back to around 3c which is what we initially were pre Avalon anomaly discovery and pre Pokali drilling. I remember this period well because it was where I was accumulating RCR stock. 3c levels are no capital, no drilling and no firm targets, so that is likely the clean slate and reset level. Just goes to show how cheap 5c is considering it is only a slight drop back to 3c levels and we are in the middle of a massive drill program on multiple targets. This is why I expect the share price to reverse and rebound quite well from these oversold levels imo.

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' In the very unlikely event that the juicy Avalon target comes up as a duster.'

lol come on man

RCR Price at posting: 4.9¢ Sentiment: None Disclosure: Not Held
5 Upvote

0 Great analysis

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(20min delay)
Last 1.7¢		Change 0.001(6.25%)		Mkt cap ! $4.973M

Open	High	Low	Value	Volume
1.7¢	1.7¢	1.7¢	$13.91K	818.6K

Buyers (Bids)

No.	Vol.	Price($)
4	223250	1.6¢

Sellers (Offers)

Price($)	Vol.	No.
1.7¢	244990	3

View Market Depth

No.	Vol.	Price($)
4	223250	0.016
7	1366483	0.015
4	1085850	0.014
1	70000	0.013
2	725000	0.012

Price($)	Vol.	No.
0.017	244990	3
0.018	943889	5
0.019	462492	4
0.020	797484	5
0.021	405175	2

Last trade - 10.21am 12/11/2024 (20 minute delay)

RCR (ASX) Chart