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7.3¢ red river resources limited

Ann: Half Year Report - 31 December 2020, page-83

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Beachlover

2,297 Posts.

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28/02/21

18:20

Post #: 51400819
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Originally posted by Sweetsound: ↑

The following figures were take from half yearly reports (all care taken but pls DYOR):

CMM's SP is around $1.50, thus far spent over $90 mill and further spend budgeted for around $70+mill - no income ad yet to prove plant performance.

If by BLK you mean WMX - it's SP is around $1.17, produced just under 27koz of gold in 6 months at AISC of just over A$1800 and realised around $11.5mill profit - they have a pretty impressive resource base and had a CR for around $24.5mill at $1.43 per share - a rather hefty fall since. AISC seems pretty high for the half but realised price for gold produced was excellent.

Not here to knock other companies as all companies have their challenges at various times for various reasons but RVR being an already proven producer with increasing profit and yet with a miserable SP and hence MC in comparison. At some point this is bound to change and change in a big way.

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yeppers peppers and she shall.

if i was to say "show me the most undervalued stock" this baby would take the cake.....most over valued, ide have to give to Qantas.....mind boggling how its only lost 30% from its highs!

RVR Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
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