RCR 12.6% 8.3¢ rincon resources limited

Another Pump and Dump ??

  1. 902 Posts.
    lightbulb Created with Sketch. 199
    One Question:

    Can someone please tell me how the ''size and shape'' of the anomaly is somehow indicative of a discovery?

    The announcement repeatedly emphasises a ''size'' comparison to WA1's Luni......The resemblance isn't even compelling imo.

    This reminds me of other comparisons.........
    One example being: VMS' Julimar VS Challice in which nothing significant was ever discovered.

    To me, this type of advertising (Which I've seen many times) is merely an attempt to create FOMO for an upcoming Capital Raising.

    Has anyone noticed asx announcements of late pushing their sell-stories to the brink of over-the-top sensationalism?
    Sure, there may be a chance of some Cu hits, however, with all things being considered (including the main theme being a strong correlation to WA1's Luni) I have to say, this is being hyped to the max on extreme speculation.

    My opinion: It's a SELL
    DYOR
 
watchlist Created with Sketch. Add RCR (ASX) to my watchlist
(20min delay)
Last
8.3¢
Change
-0.012(12.6%)
Mkt cap ! $23.92M
Open High Low Value Volume
9.4¢ 9.6¢ 8.1¢ $717.8K 8.366M

Buyers (Bids)

No. Vol. Price($)
2 212882 8.3¢
 

Sellers (Offers)

Price($) Vol. No.
8.4¢ 30572 1
View Market Depth
Last trade - 16.10pm 05/06/2024 (20 minute delay) ?
Last
8.1¢
  Change
-0.012 ( 15.6 %)
Open High Low Volume
9.5¢ 9.6¢ 8.1¢ 3104192
Last updated 15.54pm 05/06/2024 ?
RCR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.