Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Were any warrants attached to the original investment?
Rincon's SP was A$0.03 before the announcement last Monday and today is A$0.086 today a week later having briefly hit A$0.10 overnight in Aussie.
The SP 3 weeks ago was A$0.024 so yes up circa 400% in 3 weeks low intraday high overnight.
ATB APR
THis was driven by Rincon Resources (RCR) announcement of gravity anolmaly at tehir West Arunta licence area on 22-Apr and RCR response to query by ASX surrounding large change in price and volume since the announcement.
About time though and shame about GUNs timing on the disposal
ATB APR
https://www.rinconresources.com.au/asx-announcements/
Hope people don’t get spiked, well done who made profits, profits are only profits till banked
They sold a little over 7 million @ 4 cents each, now less than 4 weeks later rincon is trading @ 8.5 cents each.
We got about £128,000 (Notified by rns 4 April 24)
Sell today @ 8.5 cents would have netted approx. £270,000.
When the m'cap is like just over 1 million, that's a huge thuck up!!
The small tree shakes over and big orders are filled up. By close expecting 200% and gap up comic g sessions.
Just remembered, our brilliant bod sold almost 2/3rds of the rincon holding!!
I guess we all do it, DOH!!
Can we do 100% today, up to .22p however, a little tree shake expected any minute
Investee company
What is this other company?
Great opportunity.
Rincorn looking good
Strong rerate inbound.👀👀👀💯💪
Bouncing...
SP at deep discount to NAV.
Few trades coming in at these levels now.
Miners are out of favour just now but the potential is there in GUNs investments.
Betting and booze are positives. K
The results (loss) reflect the value of their investments. The NAV of the shares currently are about 0.35p so still 3 times the current share price. They still have cash and always trade their investments.
Coukd someone just clarify for me if they have sold all their interests in these companies as half year report indicates that are still invested?
Another £44k changed hands on Aquis yesterday. The MM's will take a lot more stock now than a few weeks ago. It's very slowly waking up to the start of the commodity bull ........... I hope !!
Lennie
That £11.5k hopefully is morelikely a buy.
No real action here though.
Some disposals in mining stocks.
Hopefully it's just housekeeping not an effort to keep the lights on! K
Good news that Rogue Baron receives $1m investment from 3rd party in US
ATB APR
Lennie, Bold move.
Have any of the investments reported anything positive? K
Good to see some interest here
Nice bit of activity for a change............ the 1m at just under 0.15 is my buy and not a sell as reported
Lennie
I see Mr Strang has purchased some shares, a whole £4k.
Let's not go too mad Donald!! Lol