Relative performance, page-56

What happened with RVR that caused the sentiment to fade and the SP to be slowly sold down compared to some of our other multi-commodity peers this year? Was so much more expected from Hillgrove, and/or did some investors not know about the Royalty payment or are simply annoyed with the fact that it's dragged on for so long, or something else?

IMO RVR has some decent assets, and the recent Hillgrove resource upgrade to +1Moz gold & 90kt antimony was great. But, when it comes to mining RVR appear to continually express a "things will be better next quarter" attitude which needs to be addressed. Get things done this quarter and start banking cash once again! We've also had Ian Smith (ex Newcrest) join the board, with his vast network of connections and mining experience one would assume his guidance would add value to the company, which as yet appears to be realised. Hopefully 17c is the bottom, which is a sad state of affairs from +30c earlier in the year, and RVR can end the year on a high!