RCR rincon resources limited

Ann: A$5.6m Raising to Expand West Arunta Exploration, page-69

  1. 1,981 Posts.
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    I dont think thats the message getting across Galli.

    The message is why have a chairman and bod spruik 'No Capital Raise, fully funded, best exploration company, exciting times, etc etc etc" and then CR in the next breath.

    Then want to pat themselves on the back with options at a crazy price.

    Fully funded for the drill campaign, Why not back themselves in for the price to improve and then CR later?

    Smells of not so great assays to me on face value.

    Dont mind a CR, agree you need money to explore. But dont do whats just been done over the last few weeks here.

    All the Social Medias talking about looking after current shareholders.... no one got a look in. Even thoes that were here supporting when it was getting smashed in a sell down. Not a great look. Wouldnt surprise me one bit if Lenigas did all this whilst Gary was in the field last week.
 
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