RCR rincon resources limited

So 96 mil shares at 2.5c = about $2.5 mil market cap.Now, 9 mths...

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    So 96 mil shares at 2.5c = about $2.5 mil market cap.

    Now, 9 mths later we have about a $25-$30 mil market cap and the money in the bank needed for drilling the exciting exploration areas and your complaining about management! Lol confused.png The company has grown by 10 times! and It takes more than one drill and one day to identify and find an ore body!
    Companies cost money to run, drills take time, assays take even longer and geological desk work is required after the drills are done for further understanding of the local geology and they need more than just a couple of million in the bank to do all these things and get the company to the next step.

    Management have done very well here imo and i think shareholders are fortunate to have the ground we have to explore on, the market is also obviously keen on the prospectiveness here by supporting a good size capital raise and backing the companies exploration plans with real money, it's basically saying imo that the risk reward ratio here is good enough to bet on at these prices with it's currently identified targets.








    Last edited by Fishinnick: 23/05/24
 
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Last
1.6¢
Change
0.001(6.67%)
Mkt cap ! $4.680M
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1.6¢ 1.6¢ 1.6¢ $534 33.4K

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No. Vol. Price($)
3 150030 1.5¢
 

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Price($) Vol. No.
1.7¢ 58480 2
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Last trade - 11.36am 25/07/2025 (20 minute delay) ?
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