RCR 14.6% 3.5¢ rincon resources limited

Ann: IOCG-style Mineralisation Confirmed at West Arunta, page-180

  1. 2,426 Posts.
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    I was lucky to escape TG6 with my shirt intact - in at 70 odd cents on the way up, completely missed the top due to believing statements from the MD, out at 75 cents on the express elevator back down. That kind of chart pattern is characteristic of directors hyping up crap or telling outright porkies. SLM is another example, but that one was my finest hour - in at 40c on the way up, sold out between $1.10 and $1.20 (pretty much the top), now back to 11c where it started. A timely reminder that a lot of small cap directors are too busy lining their own pockets to care about shareholders. I hope for your sake that RCR doesn't turn into another example of directors "over-extending themselves" (to put it politely)
 
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