RCR rincon resources limited

Well it looks like today's announcement proved you wrong...

  1. 14,298 Posts.
    lightbulb Created with Sketch. 6179
    Well it looks like today's announcement proved you wrong already. The data was well above expectations. The market was expecting dusters, and we got the opposite and potential company making Cu & TREO deposits in the West Arunta. I was actually surprised about the additional drilling at Pokali following Avalon & the other targets drill program. Did not see that coming. That is proactive management IMO. This was a great decision because it ended up extending the known Cu mineralisation at Pokali, making it now a priority to further drill out and expand it into an economically viable deposit, especially with current Cu prices!

    I am no fan of the other bloke DL, because Imo he was acting strange and unethical around the initial Pokali release and as other posters brought up, he has history in relation to this behavior. However, I do not see any issue with GH yet, he seems to be methodically moving along and prioritising the best areas to prove up an economic deposit and company maker.

    Very happy to hang around here for the long haul like I do with all the explorers in my portfolio. I have the understanding that exploration takes time to prove up an economic resource and the market caps generally re rate with time as the project timeline advances. This has worked well for me so far in an investment point of view. Also, coming into this expected commodity boom, even the juniors will be getting a lot of liquidity come their way soon imo!

    It seems the only unhappy ones are the traders who got found out and now hold a grudge. Or those who want a lower entry. Happy for those types of personalities to be shown the door and end the hype-type pump and dump behavior here and get back to basics!
    Last edited by coto: 03/10/24
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
1.3¢
Change
0.000(0.00%)
Mkt cap ! $3.803M
Open High Low Value Volume
1.3¢ 1.3¢ 1.3¢ $260 20K

Buyers (Bids)

No. Vol. Price($)
4 1156055 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 1469413 3
View Market Depth
Last trade - 10.06am 20/06/2025 (20 minute delay) ?
RCR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.