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7.7¢ rincon resources limited

100M$ MC would give it SP of 50c

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investor901

1,695 Posts.

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25/03/24

02:20

Post #: 73035767
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Originally posted by coto: ↑

Like I have said a few times, the market is currently pricing us in at not being successful in this drilling program. That’s how crazy this fickle market is and how great the opportunity is here. If we have dusters across the 2 diamond holes and multiple RC holes then we stay around current share price 2-3c. We will have to reevaluate, decide on further targets from the current active geophysics program at West Arunta combined with existing known information in relation to mineralisation and geophysics signatures in our west Arunta tenures. Then we will probably raise another couple of mil again, for drilling and further exploration and and rinse and repeat. So there is not a lot of downside from these share prices on everything going wrong in the current drilling program Imo. If tant sort of decent intersection or mineralisation takes place then this will re rate to a $100M plus market cap imo. Basically a 10c plus stock.

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100M$ MC would give it SP of 50c

RCR Price at posting: 2.8¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 7.7¢		Change 0.000(0.00%)		Mkt cap ! $17.02M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	49382	8.1¢

Sellers (Offers)

Price($)	Vol.	No.
7.5¢	25000	1

View Market Depth

No.	Vol.	Price($)
1	49382	0.081
3	321200	0.080
1	25641	0.078
2	29318	0.077
1	13200	0.075

Price($)	Vol.	No.
0.075	25000	1
0.076	171241	6
0.077	612299	6
0.078	141660	2
0.079	257000	4

Last trade - 09.45am 01/05/2024 (20 minute delay)

RCR (ASX) Chart

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