“If management were so confident, why was it rushed when SP was...

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BoZz

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22/05/24

15:41

Post #: 73957701
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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.

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“If management were so confident, why was it rushed when SP was at 14c instead of the close price or even at a premium?”

Considering where the price was a few weeks ago this was at a premium.

RCR Price at posting: 12.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 8.9¢		Change 0.015(20.3%)		Mkt cap ! $25.65M

Open	High	Low	Value	Volume
7.4¢	9.5¢	7.4¢	$1.351M	15.42M

Buyers (Bids)

No.	Vol.	Price($)
1	15000	8.8¢

Sellers (Offers)

Price($)	Vol.	No.
8.9¢	150440	1

View Market Depth

No.	Vol.	Price($)
1	15000	0.088
3	124350	0.087
1	50000	0.086
2	13882	0.085
1	30000	0.084

Price($)	Vol.	No.
0.089	150440	1
0.090	100000	1
0.092	145719	3
0.095	198000	5
0.097	218421	2

Last trade - 16.10pm 18/06/2024 (20 minute delay)

RCR (ASX) Chart

“If management were so confident, why was it rushed when SP was...

From the Floor question: "How can we make gold mining shares become valued again?"

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From the Floor question: "Why are you going back to Ned's Creek for a drilling campaign?" | Lodestar Minerals

MiningNews Select Conference: Look further afield for funding projects, advises Rick Rule

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“If management were so confident, why was it rushed when SP was...

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From the Floor question: "How can we make gold mining shares become valued again?"

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