RVR 0.00% 7.3¢ red river resources limited

Ann: Quarterly Production Update, page-31

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  1. 20,476 Posts.
    lightbulb Created with Sketch. 2023
    Plext - I agree on big failing of many corporates is to allow enough buffers for surprises. I know In good times having more cash means being a little inefficient but it prevents the huge wealth destruction that come from desperate CRs
    rvr should have some a small CR of 8-10 m when price was above 10c which would have given them more optionality. Even putting mine in care and maintenance is a reasonable move with current metals prices.
    if they go into debt and they continue to bleed cash the SP will get smashed . Hopefully they are confident of Hillgrove bring in some Strong cash from JV
 
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