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11.4%

3.9¢ rincon resources limited

Do you still hold the same sentiment since this post given the...

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NathanLee87

4 Posts.

06/08/21

13:23

Post #: 55085782
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Originally posted by AG1989: ↑

Just speculation but seems pretty well set from here

Holding Roughly half of the current Market Cap in Cash
5,000m RC drilling underway
57.80m @ 2.05g/t Au from 17.40m incl;16.10m @ 4.75g/t Au from 42.70m;
68.00m @ 1.33g/t Au from 1.00m;
36.00m @ 1.66g/t Au from 2.00m;
33.20m @ 1.46g/t Au from 25.00m;
23.00m @ 2.06g/t Au from 23.00m;
and5.00m @ 3.73g/t Au from 50.00m.
Phase 1 drilling to be followed by some kind of maiden resource and followed up with Phase 2 in October

Happy to buy any dips from this position. If drilling began mid July and was expected to take 3-4 weeks, with assay lag time around the same, we may start seeing results filter in as early as September. Put Laverton on the backburner, keep the pressure applied here and try and get a JV signed in the Paterson. Game changer. These shallow satelite pits are ideal feed for Telfer to compliment the Havieron process. Antipa have a number of these surrounding the Telfer mine in the Wilki JV

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Do you still hold the same sentiment since this post given the continuing sell off? As a holder myself I'm growing concerned and ready to pull the plug if it continues on this trajectory.

Interesting to see that TSO is up 5% today.

RCR Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 3.9¢		Change 0.004(11.4%)		Mkt cap ! $11.06M

Open	High	Low	Value	Volume
3.7¢	4.3¢	3.7¢	$163.2K	4.066M

Buyers (Bids)

No.	Vol.	Price($)
4	234157	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	280000	3

View Market Depth

No.	Vol.	Price($)
2	157229	0.039
5	169000	0.038
4	340000	0.037
3	295000	0.036
7	565977	0.035

Price($)	Vol.	No.
0.040	280000	3
0.041	246951	1
0.042	220000	3
0.043	142000	2
0.044	95000	2

Last trade - 11.23am 12/08/2024 (20 minute delay)

RCR (ASX) Chart