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One word ….. Fastbase….. crooked company
Cheap compared to NAV worth following RCR price currently around £500k to us
I have sold too and invested in STG as results due this week and should bag
I have sold, but will watch now as either something special happens / they fall back to 0.13. GLA
Here we go again in for another rise, STG also rising too could be a great afternoon would be fabulous to see 100 percent
Deanosbooty yes it may well do 100 percent i also think INHC is a multi-bagger too....worth a look....fabulous morning so far should be a good afternoon here
Syme 135 million deal update
Quarterly report issued 24-Apr-24 following West Arunta update on 22-Apr-24 has some very good updates and good cash position given exploration works now well underway across its licence areas:
HIGHLIGHTS
WEST ARUNTA PROJECT
The first diamond hole 24WADD001, completed at the Pokali IOCG Prospect, intercepted three main zones of
copper sulphide mineralisation over a downhole interval from 130m to 550m.
Preliminary pXRF1 analysis confirmed the presence of elevated copper mineralisation within these main zones
with semi-quantitative results returning spot grades up to 7.21% Cu.
Reverse circulation drilling is set commence from 23 April 2024.
Ground gravity and passive seismic surveys were completed delineating several new targets including the
bullseye ‘Avalon’ Carbonatite-Nb-REE/IOCG-Cu-Au gravity target.
Subsequent to the period, the second diamond hole 24WADD002 commenced at Pokali East.
Subsequent to the period, a dipole-dipole inversive polarisation (DDIP) survey commenced at Pokali.
LAVERTON
Independent consultant Resource Potentials completed a geophysical and GIS-based desktop study on the gold
exploration potential of the Laverton Gold Project in September 2023.
Based on the independent study report, the Company is developing a new gold exploration strategy for Laverton
which, facing a rising gold price, is likely to implement from Q3 2024.
Details of the exploration strategy are being finalised and the Company will inform the market in due course.
CORPORATE
The Company completed an oversubscribed Placement to raise $1.43M (before costs).
Cash balance at the end of the quarter was $2.14M.
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?