RVR 0.00% 7.3¢ red river resources limited

Hi the administrators make a declaration that shareholders will...

  1. 1,801 Posts.
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    Hi the administrators make a declaration that shareholders will recieve nothing in past experiences it can take up to 2 years or more or other option they recapitalise the company which usually means us current holders get diluted to nothing . Rename the company and carry on business.

    In saying that with the gold price soaring to almost $3000 aud/oz where are the offers for our basically only asset ? I would have thought buyers would be lining up especially having all that antimony would not surprise me if during due-dilligence there is something about Hillgrove that puts buyers off (eg difficult to process ore) and the reason we did not proceed with mining there after spending a heap of money on drilling.
 
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Currently unlisted public company.

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