RVR 0.00% 7.3¢ red river resources limited

RVR Chart and Technicals, page-31

  1. 706 Posts.
    lightbulb Created with Sketch. 127
    Hello RVR friends,

    I am sad to say that today I bailed on RVR. I thoroughly believe in the story. Good management, expanding resource, good exploration upside and Zn supply is tight. However overnight the Zn price breached a key level of $1.12/lb. This support level had held for 6 month after being tested on a number of occasions. It seems to me that can only happen if the Chinese economy is really rolling over. My fear is that no matter how good RVR is, in a severe market downturn the good gets damaged along with the bad. So I have elected to take a small profit and exit.

    I hope for all your sakes I am wrong.

    Cheers,
    Tim.
 
watchlist Created with Sketch. Add RVR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.