RVR 0.00% 7.3¢ red river resources limited

Ann: Quarterly Activities and Cash Flow at 31 March 2018, page-85

  1. 7,641 Posts.
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    this is the mother of all tree shakes.

    Weak hands will lose here for sure. RVR has been treated like a stock which is either speculative or a failed miner who just had a mine collapse. just remind ourselves of the fundamentals here while we see a steep decline in sp since the quarterly has been released.

    1- 22 millions cash in the bank
    2- 10 million dollars of undrawn debt
    3- absolutely and completely debt free
    4- a producer /seller of zinc since October 2017
    5- second mine coming on line in next 6-9 months with a LOM of 7 years
    6- Zinc prices still at record high and global stock levels at record low i.e. zinc bull run is far from over.

    Have I missed anything?
 
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