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10.7%

12.5¢ rincon resources limited

Ann: 2024 EXPLORATION CAMPAIGN - WEST ARUNTA, page-769

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investor901

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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 12.5¢		Change -0.015(10.7%)		Mkt cap ! $30.2M

Open	High	Low	Value	Volume
11.5¢	13.0¢	11.5¢	$885.7K	7.424M

Buyers (Bids)

No.	Vol.	Price($)
5	311350	12.5¢

Sellers (Offers)

Price($)	Vol.	No.
13.0¢	781035	10

View Market Depth

No.	Vol.	Price($)
4	307350	0.125
22	1942298	0.120
15	1388705	0.115
23	2074629	0.110
25	2882151	0.105

Price($)	Vol.	No.
0.130	781035	10
0.135	292638	6
0.140	228995	11
0.145	189780	4
0.150	546475	9

Last trade - 11.16am 22/05/2024 (20 minute delay)


Last 12.5¢			Change -0.015 ( 11.5 %)
Open	High		Low	Volume
11.5¢	13.0¢		11.5¢	4249855
Last updated 11.47am 22/05/2024 ?

RCR (ASX) Chart

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