RCR rincon resources limited

Raised Value, page-40

  1. 20,810 Posts.
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    So those following RCR or directed here by a clue will note my 100% success rate at ‘failed three day candlestick predictions’ retains its unbroken record with the close more than 6% down .
    ..What does this mean apart from yes, I might do better at rune casting and the world is full of mystifying riddles?
    (The important thing, for anyone on the hunt for lucky numbers, is if RCR gets over $1.04 there is probably money to be made here.)

    RCR, despite its’ failed or near-failed solar division, continues to take steps forward with new contracts and extensions.
    Small : (October 26)
    https://im-mining.com/2018/10/26/fortescue-autonomous-retrofits-hit-32-christmas-creek/
    “At Cloudbreak, the RCR Tomlinson 5 km relocatable conveyor has doubled throughput capacity through an additional semi mobile crushing station.”
    LARGE: (October 11)
    https://infrastructurepipeline.org/project/city-rail-link/
    https://www.asx.com.au/asxpdf/20181011/pdf/43z4mjltb8m0yp.pdf
    c7 contract for Auckland City Rail Project as good as ‘in the bag’. Overall the project is worth A$2.38 billion and is divided into ‘five principal packages’ . C7 is one of these .



    So why is the price still under $1.04?
    Price held down prior to takeover offer ?
    Possibly . Rumours are in the wind.
    Meanwhile RCR is being heavily shorted;
    With reference to the free candlestick chart ( from Stockness Monster ) above, the paired candlesticks “ain’t nothing going on here “ were partly created by heavy shorting activity. (85% and 63% of trades )
    “I’ll just grab a few” ie the black candlestick of the day after the buys were also relayed from the ‘jaws’ of shorters who comprised 88.35% of volume.
    RCR’s rampant candle yesterday had somewhat stronger volume and shorts were less -only 27.22% of trades .
    You can see how the price enjoyed being liberated that day.
    https://www.shortman.com.au/stock?q=Rcr

    As far as today goes ? There was higher volume but lower prices and someone was keen enough to dive in after close to pick up 16,032 shares one cent higher than the auction at 91c each.

    What does it all mean ?
    upload_2018-11-8_17-7-51.gif
    The rune is Berkana: ‘Pregnancy, blossoming and new birth .’
    I interpret this as “use runes to analyse stock futures at your peril.”
    Three day candlestick charts also.

    ‘The company is soon to grow in price and will be reborn as a different identity.’

    You’re welcome ; )
    Last edited by sabine: 08/11/18
 
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Last
1.2¢
Change
0.000(0.00%)
Mkt cap ! $3.510M
Open High Low Value Volume
1.2¢ 1.2¢ 1.2¢ $9.738K 811.5K

Buyers (Bids)

No. Vol. Price($)
8 2991811 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 32500 1
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Last trade - 14.57pm 27/06/2025 (20 minute delay) ?
RCR (ASX) Chart
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