RCR 19.7% 7.9¢ rincon resources limited

Ann: New Bullseye Gravity Target at West Arunta, page-446

  1. 5,001 Posts.
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    I hope it works for you. I've been on WA1 since the day they announced the discovery so no fomo for me.
    If they do make a discovery here it could be the case it becomes fully priced through the discovery phase as AZS was.
    WA1 was supper cheap when it opened at 22c on 26/10/22 but I feel like some people knew things others didn't. (eg the over limit assays at Luni)
    However the opportunity at from Jan-April 2023 was incredible. They'd drilled a bunch of holes and it was trading at a mkt cap of $50-75M and up to at least 40% discount to the at premium raise price.
    you just have to to back yourself. At the time I was saying it should be worth at least $300M.
    I think RCR is fully if not a little underpriced still but I think the investors will reward the company with a cap raise soon.
    Last edited by blueskybaby: 30/04/24
 
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