RCR

4.76%

11.0¢ rincon resources limited

Thats the Gold Star Post of the day.Well written RH

First 64 Last

Share
Profile

Follow
GammyJemm

1,606 Posts.

236

22/05/24

12:14

Post #: 73952611
Share

Originally posted by RedHammer: ↑

Disappointed with Management.

It has barely been 2 weeks since DL said that they were well funded and they did not need to do a CR and now this. With the same folks who dumped their stock at the first available opportunity, and then they went back and gave them another sweet deal without giving any shareholders a chance to participate.

This is the third time they have asked the loyal shareholders to support the SP without giving them anything in return within a year.
Only sweet deals for themselves, and their mates.

96 M shares @ 2.5c on 31 Aug 23
43.5 M shares @ 3.3c on 12 Jan 24 and now
56 M shares @ 10c on 22 May 24 and don't forget about the 32 M options @ 15c with a 2y and 3y life.
199.5 M shares total in 9 months!

If management were so confident, why was it rushed when SP was at 14c instead of the close price or even at a premium?
Why not reward shareholders and a chance to participate at 10c also?

The sting in the tail is the low hurdle level for the 32 M options are dilutive and create an overhang on the stock. Its like they are not even confident the SP will go higher than current levels. The increase of 200M shares does not make this a tight register anymore, its more likely to become a day trading stock.

Expand

Thats the Gold Star Post of the day.

Well written RH

RCR Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce's R327 found effective against E.coli during clinical trial

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

There are more pages in this discussion • 106 more messages in this thread...

First 64 Last

Add RCR (ASX) to my watchlist

(20min delay)
Last 11.0¢		Change 0.005(4.76%)		Mkt cap ! $31.71M

Open	High	Low	Value	Volume
10.5¢	12.0¢	10.5¢	$394.7K	3.610M

Buyers (Bids)

No.	Vol.	Price($)
4	178160	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.5¢	214610	5

View Market Depth

No.	Vol.	Price($)
4	178160	0.110
11	816903	0.105
15	1144065	0.100
1	5051	0.099
1	10204	0.098

Price($)	Vol.	No.
0.115	214610	5
0.120	704981	14
0.125	402369	9
0.130	492058	16
0.135	912405	8

Last trade - 16.10pm 28/06/2024 (20 minute delay)

RCR (ASX) Chart

Thats the Gold Star Post of the day.Well written RH

Recce's R327 found effective against E.coli during clinical trial

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Thats the Gold Star Post of the day.Well written RH

Top Stories

Recce's R327 found effective against E.coli during clinical trial

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News