RCR rincon resources limited

Last time these guys dropped a bomb was feb 2016, when the SP...

  1. 19,938 Posts.
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    Last time these guys dropped a bomb was feb 2016, when the SP was approx 1.58 and it got hammered down to 1.10 (please check, as I am going off memory) the SP was in decline prior to this, as six months prior it was 2.40.

    Then look at the chart 6 months later.

    I actually played that period, but sold way too early in low 2.20s.

    So as a current holder it is like being between a rock and a hard place. So upon resumption, hold them or fold them? Depending on the open price it may force me to hold and wait for the recovery in confidence.

    Bummer but I doubt very much it will be the demise of the company like some are calling. If 60mil is correct , they had 83 mil in cash on last count. So maybe the cap raise last November was prudent, or knew some storm clouds were starting to form.
    Last edited by Hotfire: 08/08/18
 
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(20min delay)
Last
1.6¢
Change
0.001(6.67%)
Mkt cap ! $4.680M
Open High Low Value Volume
1.6¢ 1.6¢ 1.6¢ $534 33.4K

Buyers (Bids)

No. Vol. Price($)
3 150030 1.5¢
 

Sellers (Offers)

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