RCR rincon resources limited

Ann: Copper Sulphides Intercepted at West Arunta, page-116

  1. 3,362 Posts.
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    your investing in the spec market and you are talking about downside risks give it break. blue chips dont re rate which is why people come here hoping for significant re rate buying undervalued stocks.
    RCR had barely 1M$ cash yet they were able to raise 1.4M$ in oversubscribed in matter of 10mins despite delays to their prev drilling program at higher MC what changed ? had they already started drilling. this is what interest in region brings.
    enjoy sitting on the sidelines in hope the SP will keep declining. all it takes one decent buyer and will see how long it stays at 5M$ MC.
    i know my risks and a cash balance concern is not going to get me to sell single share.
    Last edited by investor901: 27/03/24
 
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