RVR 0.00% 7.3¢ red river resources limited

30 Cent Wall, page-75

  1. 8,347 Posts.
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    Looking at other mining stocks it appears that RVR is not the only one down. The ever increasing worldwide C-19 cases may in part be a silent contributor. Markets seem to treat smaller companies much harsher even at the best of times.

    But whatever blame or excuse there may be for the recent fall - as long as profits flow, SP should turn around - a matter of time not so much if - perhaps just need to view with a longer term horizon.

    Canaccord's valuation is not based on a week or a month but rather a year or so and if it at least reaches their level in that timeframe that would not be such a bad outcome. Bear in mind that their valuation may be a little conservative and often subject to change (up/down).
 
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Currently unlisted public company.

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