RCR rincon resources limited

Yes, there were plenty of gaps between initial mineralisation...

  1. 14,298 Posts.
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    Yes, there were plenty of gaps between initial mineralisation news in WA1 and then the phase 2 drilling, drilling of new target areas etc, weeks and months apart but the share price kept increasing on an overall positive trend. There will always be the odd pullback and profit takers but with positive exploration success and potential discovery, the overall trend will be very good Imo. Just like WA1 - 20c to $18 in a year and a half. Wow!

    The gaps between news is when the international funds and major investors do they due diligence and take their stakes, thus driving it up further. Retail think they are selling at a good time, but it’s just the majors taking their shares during the quiet times.

    Personally i am expecting an announcement on DD02 and the geology/core photos minimum this week. A bonus would be any pXRF readings. The DD01 news was released around this stage approximately 2 weeks after it was completed and after the geos logged and separated it out for sampling. I still think DD01 assays are still around 1-2 weeks away with all the lab delays at the moment.

    There may also be RC drilling news this week too. They announced on LinkedIn mid last week that they had reached 250m on the first RC hole so there should be another 2 drilled by tomorrow Imo.


    Last edited by coto: 05/05/24
 
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