Australia's largest stock trading and investment forum Australia's #1 stock forum

RCR

Click for more information

2.27%

11.3¢ rincon resources limited

you got to compare apple to apple, and I think the best...

First 453 Last

Share
Profile

Follow
Trade4Profit88

9,540 Posts.

600

30/04/24

10:42

Post #: 73577465
Share

Originally posted by blueskybaby: ↑

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.

Expand

you got to compare apple to apple, and I think the best comparison is with CGR
as both companies are next to each other and drilling at similar time
CGR has 2x RCR's M/C, I know they got more cash 8.2m vs 2.1m
but in terms of EV it's 28m vs 16m
so either they are way overpriced or RCR is still way undervalued.

RCR Price at posting: 8.9¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 107 more messages in this thread...

First 453 Last

Add RCR (ASX) to my watchlist

(20min delay)
Last 11.3¢		Change 0.003(2.27%)		Mkt cap ! $25.55M

Open	High	Low	Value	Volume
11.0¢	11.3¢	11.0¢	$20.22K	183.8K

Buyers (Bids)

No.	Vol.	Price($)
9	309178	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.5¢	349911	6

View Market Depth

No.	Vol.	Price($)
1	5000	0.120
3	118833	0.115
8	312179	0.110
15	1179100	0.105
29	1907170	0.100

Price($)	Vol.	No.
0.110	199136	5
0.115	315775	6
0.120	520164	9
0.125	733874	8
0.130	982540	18

Last trade - 10.08am 17/05/2024 (20 minute delay)


Last 11.0¢			Change 0.003 ( 4.26 %)
Open	High		Low	Volume
11.0¢	11.3¢		11.0¢	298088
Last updated 10.31am 17/05/2024 ?

RCR (ASX) Chart