RCR 3.85% 2.5¢ rincon resources limited

Ann: West Arunta Project Drilling To Restart, page-152

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  1. 596 Posts.
    lightbulb Created with Sketch. 37
    I still remember AW1 was sold down from sub30 cents to under 5 cents after copper discovery. The management couldn't do anything about that and was forced to accepted (IMO) an offer of 5 cents placement and right issue (which not many share holders took up). After completing CR, AW1 climbed from 5.5cents to 37.5cents in one and half month starting from a news of new interpretation of pass drilling. Clearly manipulation played important role for AW1. For RCR, it could be long for sharks' target to manipulate. For us, we wish it can hit something meaningful so the company won't be controlled by those sharks.
 
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