RVR 0.00% 7.3¢ red river resources limited

Ann: Quarterly Activities and Cash Flow Report 30 June 2020, page-50

  1. 20,475 Posts.
    lightbulb Created with Sketch. 2023
    yep - fair points
    i got the message that development spending will still be high this quarter - mentioned into mid August so there will still be a degree of development spend. Agreed they arguably didn’t go backwards my much but they still have 6.5 m of debt to clear.
    As speculator has said - If they get the gold part right they could do very well . I agree and thus I think timing development with cash flow is silly . My issue is a 5-6m CR won’t dilute the company much and will allow things to progress with a degree of operational buffer . It’s a matter or personal preference and I get uncomfortable when there isn’t a buffer - that’s all


    @yatchy - I expected better from you , not the mindless tripe that Everyone who disagrees is shorting - silly comment

 
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