RCR rincon resources limited

Ann: A$5.6m Raising to Expand West Arunta Exploration, page-46

  1. 5,763 Posts.
    lightbulb Created with Sketch. 700
    yep.
    what these people don't understand is that the money has been recycled in and out from 3c to where we are today and with some money put in the long term investors pockets along the way.
    it's actually a genius strategy by mgmt to cash the company up on the coat tails of WA1 and the recent gravity surveys.
    $8M is not to sneeze at. you can't drill without cash
    I don't expect much from Pokali either but as WA1 has proven, West Arunta is an under-explored province that may contain more world class discoveries
    GLTA, its too pricey for me atm
 
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