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7.3¢ red river resources limited

Ann: Appointment of Administrators - Further Update, page-32

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wassa

3,614 Posts.

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16/01/23

19:48

Post #: 65720455
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Originally posted by moorpett: ↑

your input from the mining side wassa has been spot on and i will give you that even though i believe some was based on inside info, this time is the finance side of things and i have a better handle on that side and believe they can restart hillgrove and keep value for shareholders as a gold/antinomy producer alone with thalanga out of the way [ we will find out on the 6th of feb ] now if they came to me and said we are going to recapitaslise the co and restart hillgrove and need say $60mil to do so and intend to issue 300mil shares @20c each to do so i would participating purely on the gold play now and doing a bit of predicting it's going a bit higher than the aud $2780 today, so i ask if any agrees can you give a thumbs up, not to me but to that proposition if it was to eventuate,cheers.

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I refute your insider trading response, all my comments came from published information, from my visual observations visiting Hillgrove or industry chatter.

I guess I will have to trust your own assessment in regards to your financing knowledge but I fail to see how they could raise money at 20c given the sp was 7.3c when trading was suspended. Maybe 5c.

We shall all know soon enough.

RVR Price at posting: 7.3¢ Sentiment: None Disclosure: Not Held
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