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7.3¢ red river resources limited

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Sweetsound

8,713 Posts.

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21/11/20

11:55

Post #: 49037461
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Originally posted by wassa: ↑

There’s no correct mythology, but given where in a cyclic business I would like our board to be a little more creative than the usual, own, operate, c&m, struggle or go bust (in the low of the cycle ) and then boom, prosper and overpay for assets ( in the high of the cycle ) that a lot of resource companies do .... whilst the longterm holders ride the wave with nothing in return.

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I'm not sure what they paid for Thalanga, but they seem to have a keen eye for assets for bargain prices as evidenced by Hillgrove and the recently acquired tenements from which they're sure to find massive piles of untapped resources. Growth phase for sure.

RVR Price at posting: 27.0¢ Sentiment: Hold Disclosure: Held
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