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7.3¢ red river resources limited

Ann: Appendix 4D and Half Year Report - 31 December 2021, page-151

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Whisky49

13,592 Posts.

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08/04/22

07:43

Post #: 60730266
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Originally posted by Galiger: ↑

Guess it depends on what is considered material or not.
A contractor that we all knew was coming for some time, to start working on a mine knew about for some time.
We already have a producing mine which is (should be) profitable.
Possibly deemed the appointing of the contractor does not require a halt as we are still currently producing (and profitable?) from our existing mine.
Who knows.

What really gets me is seeing profitable mining companies "get no love" from the market when they put out good numbers. However, when a company gets even a sniff of "omg ore" in the ground, the SP can shoot up to a ridiculous level. Gambling at it's best perhaps.

I am really curious to see this quarter's numbers and the effect of the "high" commodity prices (albeit costs likely to rise somewhat as well).

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Guess it depends on what is considered material or not.

Awarding a mining contract is material and will be updated on when finalized, the Company will be very keen to announce it I imagine its the start of a new era...

Cherrs Whisky

RVR Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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