RCR rincon resources limited

Ann: Copper Sulphides Intercepted at West Arunta, page-296

  1. 14,326 Posts.
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    We have even better potential than CGR IMO, at least we have things proven at Pokali. However CGR have a lot of hype, attention in the media and word of mouth, saying they are next WA1 etc.

    IMO it just comes down to the interest of cashed up investors and funds looking to hold until discovery. Unfortunately, we are full of short-term traders, not many looking to hold long for drilling results and chances of discoveries, plus our capital raise entity, sold out and wasn't keen to hold long. Hopefully we never do business with them again!

    It has been a lot of bad luck with the register and add in the poor timing of the wet weather event in the middle of our drilling program. This has also given rise to sellers who did not want to wait, whereas CGR never discussed the wet weather in their announcements. However, all good things come to those who wait and we will eventually get there.
    Last edited by coto: 08/04/24
 
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