RVR 0.00% 7.3¢ red river resources limited

Ann: Red River completes transformative December quarter, page-36

  1. 8,488 Posts.
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    Pls don't take this the wrong way but if you're a long term holder then a little patience will go a long way. The much anticipated restart to Hillgrove was on time (just) as referred to in a number of previous announcements So not sure what you mean by 'doing things faster, on time ...' but then this 'don't think they've hit the g-spot yet .... it'll come in due course'. If the latter is so then it's just a matter of time. Zinc produced during the quarter is at record levels.

    Having a profitable quarter and progressing Hillgrove to a producing unit is quiet an achievement in the quarter irrespective whether the market expected more. Positive earnings, increasing cash and assumedly more to come. Thalanga itself at these levels alone would produce gross revenue of around $120mill in a year - not that far away from the current value of MC - with additional income from Hillgrove, earnings will outstrip MC - as you say - it'll come in due course.


 
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