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7.3¢ red river resources limited

Today's news and SP reaction is obviously more than welcome....

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Sweetsound

8,113 Posts.

842

04/01/21

20:15

Post #: 49937573
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Originally posted by jojosydney: ↑

Compared with BGL the Market darling, which has a Mcap of $991.6 million we have a Mcap of only 160 Million.
This means BGL is 6 times our Mcap and a re-rating in line with BGL would give us for Hillgrove alone around $1.80 / Share.
Without counting in Thalanga......

Read this very carefully and do your own research and then you may understand why I have been saying the share price of RVR needs to be above $1.

This company has been lucky with our management who know what they are doing and how to make money and add value for shareholders.
Give them the tools and they will look after the rest
I like to congratulate them for adding Hillgrove to the company for such a steal.

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Today's news and SP reaction is obviously more than welcome. However, it'll be much more interesting and presumably even more welcome to see where RVR will be situated in 6-12 month's time (and beyond) - today's proceedings may just be petty cash in comparison. Just an opinion but happy with today and must say rather exited looking forward to this year's development pipeline.

RVR Price at posting: 32.0¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

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