I am a long term holder of RCO, and will stay for the long term. With its income flow from royalties and tight share register, RCO is a rare resource play where share placements are none existent. In fact the shares on issue are reducing!
RCO has been hit with a bad triple play - opes prime, legal moves in NZ (no one is a winner in the eyes of Mr Market) and some a frustrating delays in its exploration.
So with opes prime out of the way only 1 leg of three is out of the way. One affect of opes is that RCO has lost a few solid supporters of the stock. It needs to win some new admirers with some good news flow. The move out of the sin bin will be slow but sure in my view. I am prepared to wait.
Some good exploration news will be the fast way to a share price recovery because right now the Phillipines has zero value in the share price.
First royalty income now not far away. That will also be recieved with some positivety.
acturtle
RCO Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
