I’ll be selling my BBOZ on open today and buy any weakness on RVr to average down.
Been running the numbers on copper and zinc prices and you’re right, the prices in aud terms really haven’t shifted much from March until now. The numbers should also be somewhat buffered by their precious metal credits.
The one thing that has shifted is copper production at Thalanga and that turnaround moving forward is a key component to why I’m investing into rvr. Also the gold story of course.
I had a target on the asx200 of around 5835, so I expect today to recover some ground I.e. morning selldown on rvr and potential bounce back as the day progresses.
An operation update would sure be welcome of course but imo I think rvr was undervalued under .064 and hasn’t really ran up as much as the companies that took global indexes higher. Anyways I got 3 parcels to allocate into rvr so 2 to go.
Gltah and dyor
RVR Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
