RCR 11.2% 9.9¢ rincon resources limited

Ann: A$5.6m Raising to Expand West Arunta Exploration, page-76

  1. 9,661 Posts.
    lightbulb Created with Sketch. 608
    you need to be realistic, if high grade copper results are on the way then CR should be done at later date and at higher s/p than 10c.

    the order of how the fund will be used also indicate current drill results may not be what we are expecting...

    my guess is s/p is likely to be traded above 10c-13c range before the results is out

    then drop below 10c and support at around 7.5c.

    the s/p will be driven by the new Avalon Nb-target.

    https://hotcopper.com.au/data/attachments/6190/6190943-bfee28f668d847c42006096bf2203a50.jpg

 
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