Hi Andrew, this is someone / large institution with power and inside ability taking a position in Recce. There is nothing fundamentally logical about this fall because we are cashed up for +- 2 years (Hint, no further dilution foreseen) (Hint, No other opportunities to accumulate off market through the creation of shares for 2 years) So the only other way to accumulate is to manipulate the buggery out of the price to take a sizeable position before an announcement arrives. Whoever this is, they are very determined. The institution was possibly a contender for the cornerstone investor, got some, but not enough.
We have a very limited register. We have a tight shareholding in the top 20 with the largest investor owning 25.28% of the company. That does not leave much to distribute around the world to big international investment houses. We have a top 20 holding now +- 55% of the register with Fidelity onboard. We now have a new international cornerstone investor holding ?? +-12%, Number 2 on the register in a few days. Our new cornerstone investor will have led the way, possibly creating awareness and FOMO at high institution levels. Those in the know, know of RECCE 327 AND 529, the possibilities, the word is out there RECCE.
I have just bought another parcel at $1.11 It is my belief that your conviction will be tested before euphoria takes hold. I have been here since 13/07/20 following rerate, now $62K in the paper hole. You will now need courage. What follows is unimaginable. Good luck all RED
RCE Price at posting:
$1.11 Sentiment: Buy Disclosure: Held
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