RCR 0.00% 14.0¢ rincon resources limited

Loved the video, his comment "I had a call to arms to come home...

  1. 288 Posts.
    lightbulb Created with Sketch. 31
    Loved the video, his comment "I had a call to arms to come home asap" gets the mouth-watering!
    Very well connected & switched on guy, who seems to really know his stuff!
    Very bullish and many prospects being drilled in the very immediate future.
    Next 2-3 months could be life changing for some. (either way)
    Also always keep in mind when the drill bit comes out empty how it plays out the other way.!


    JUST for FUN
    We don't have a discovery yet, so all hypothetical at this stage.
    Take a look at this small comparison for a bit of fun (rough figures).
    I encourage you to correct/rip it apart. But it will get your mind in the trading headspace you need/should understand for risk/reward.

    Assuming (hoping) all pans out like we want? I like to think we are at the start of the DEG chart back in 2020.
    I am wanting to point out to those who say its "run so hard already" - "This is what can happen if we do have a discovery"

    At the time, though
    DEG = 2-3 months before discovery, they placed 100,000,000 shares ($4.5 mi) at 4.5c to fund drilling. (Total = 1 billion / 5% dilution)
    RCR = 6 months before ???????, we placed raised 44,000,000 shares at 3.3c (1.4 mil) to fund drilling. (Total = 221 million / 25% dilution)
    We are in a better position with such low SOI, funded for the drilling campaign, if successful raise at much higher. and will be needed.
    This will move harder and faster based on low SOI. (Will next week replicate the 2nd green Volume & OHLC), I am hoping so!https://hotcopper.com.au/data/attachments/6146/6146527-01ca86073b878504c163ba94e3dedec4.jpg
    GLTAH

 
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