Ann: Nb-REEs Detected at Avalon and Sheoak, page-124

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AceRimmer

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30/08/24

16:42

Post #: 75460943
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Originally posted by Mustwin1: ↑

It's an exploration company, the geologist needs to find targets and drill into them with real success, sadly all the targets have not been successful and all the excitement of an IOCG and carbonatite has now been realised as a failure. It's a real shame that it wasn't a success story for the company and its shareholders. What's left for Rincon now ? Gold? Got a tiger by the tail no longer. A luni , no longer , a story that may have been , no longer. So what will the company do? What will the top 20 shareholders do that haven't sold? Have been no announcements about selling. Interesting time.

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That's a pretty realistic summary. I'm not sure what their cash position is, but presumably they have enough for more drilling of new targets. No point in selling at these levels, so you may as well hang in there and see what develops.

RCR Price at posting: 2.8¢ Sentiment: None Disclosure: Not Held
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