I appreciate the point you make with regards to Hillgrove about cost guidance .... possibly another reason the larger end of the market is uninterested due to limited confidence in the resource.
The basis of my criticism is that if Rvr want to be the “multi commodity mid tier miner” as they have stated they need to bring that next level of professionalism to the business ...a lot of companies in transition have reorganised the Boards and CEOs skill sets to better suit that move forward.
I was always supportive of RVR as you can’t expect miracles overnight from a junior miner, they generally will be hamstrung by nature of funding, time, quality and quantity of resource, equipment etc ....
however if one makes the focus of being a mid tier, the rumeration has risen to a mid tier level you need to act accordingly .... the bigger investors require guidance, a more transparent strategy and timely outcomes .... Rvr have none of that. Sadly till then I don’t think RVR will get full recognition in the market place.
It’s not a matter of me just being critical, I bought some at 17.5 yesterday, it’s just the shortfalls I see with RVR and the way the market percieves them. Others may disagree but till now history seems to show that is the case.
RVR Price at posting:
18.5¢ Sentiment: None Disclosure: Held
