RCR 4.76% 10.0¢ rincon resources limited

One Question:Can someone please tell me how the ''size and...

  1. 944 Posts.
    lightbulb Created with Sketch. 204
    One Question:

    Can someone please tell me how the ''size and shape'' of the anomaly is somehow indicative of a discovery?

    The announcement repeatedly emphasises a ''size'' comparison to WA1's Luni......The resemblance isn't even compelling imo.

    This reminds me of other comparisons.........
    One example being: VMS' Julimar VS Challice in which nothing significant was ever discovered.

    To me, this type of advertising (Which I've seen many times) is merely an attempt to create FOMO for an upcoming Capital Raising.

    Has anyone noticed asx announcements of late pushing their sell-stories to the brink of over-the-top sensationalism?
    Sure, there may be a chance of some Cu hits, however, with all things being considered (including the main theme being a strong correlation to WA1's Luni) I have to say, this is being hyped to the max on extreme speculation.

    My opinion: It's a SELL
    DYOR
 
watchlist Created with Sketch. Add RCR (ASX) to my watchlist
(20min delay)
Last
10.0¢
Change
-0.005(4.76%)
Mkt cap ! $28.83M
Open High Low Value Volume
11.0¢ 11.0¢ 9.9¢ $547.8K 5.359M

Buyers (Bids)

No. Vol. Price($)
5 404961 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 606020 14
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
RCR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.