RCR rincon resources limited

There has been a lack of news since Laverton results which were...

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    There has been a lack of news since Laverton results which were largely disappointing. Just a few gold trends which need further work.

    The lack of newsflow has hurt the share price and why we have not seen a rebound like LYN. When LYN announced management replacements, confidence returned, and they got a nice rally back up from 8c to 17c. Nowhere near a full recovery but decent regardless. If RCR went from 1.2c to 2.4c similarly then that would be a good footing to commence the years exploration at imo.

    The positive here is that 1-1.2c seems to be the base. A market cap below cash position with all assets valued negatively. Those accumulating now would therefore be pretty safe in doing so imo. Management just need to give some good news in relation to new management and also some solid exploration plans for 2025.
    Last edited by coto: 20/01/25
 
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1.6¢
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Mkt cap ! $4.680M
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