RCR rincon resources limited
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Entitlement offer if price goes below $1?, page-7

  1. Petergm
    1,702 Posts.
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    05/09/18
    14:22
    Post #: 35428975
    I was thinking about it if the entitlement offer held some value. But seeing it is currently trading around the offer price of $1.00, I see no sense in doing so.

    I certainly dont expect any real lift in the SP for some time because i expect the institutional investors that took up the offer will be undertaking some offloading ...... and I fully expect it to drop below $1.00 as some stage before it begins any climb.
    RCR Price at posting: $1.04 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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