Ann: Annual Financial Report - 30 June 2022, page-4

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joca

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25/08/22

19:59

Post #: 63328711
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Originally posted by winner1day ↑

Points of interest: Liontown- "A NativeTitle agreement over the project area is progressing well and we are working closely with government departments on mining lease approvals and road agreements to develop the project in a timely manner. In parallel, we completed more drilling at Liontown, which we know is a high-grade, gold-rich polymetallic deposit. Drilling aimed to delineate resources to be mined in the early years of production before we focus on drilling out the resource extensions we’ve identified"
What is exactly going on with the approvals? From a shareholder's perspective, there doesn't appaear to have been any progress in over 6 months.
Hillgrove: "We expect to complete our strategic review in H1 FY23, the outcomes of which we believe willhelp us deliver greater value from this exciting project". At last shareholders have a timeline of sorts but still absolutely no clues as to what the strategic review entails nor what information is being sought to enable the review to be completed nor what the cashflow consequences are for RVR in the meantime.
Shareholders' patience and trust are certainly being tested!

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Seems like management is happy plodding along paying wages no hurry getting anything done. Only briefly read the announcement but seems they only recently found out they have antimony .???

RVR Price at posting: 13.3¢ Sentiment: Buy Disclosure: Held
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Ann: Annual Financial Report - 30 June 2022, page-4

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