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7.3¢ red river resources limited

Ann: Appointment of Administrators - Further Update, page-28

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wassa

3,614 Posts.

1565

14/01/23

19:53

Post #: 65694887
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Originally posted by moorpett: ↑

it is and the administrators have noted, that it is their job to look at all options for rvr and the one that i think is a standout is to recapitalise and restart hillgrove, i say this because i believe gold is going to go on a run to us$2000oz plus very soon, at todays price of aud$2755poz hillgrove at 50kozeqpa would produce $137milpa, this would produce more than enough to get the qld mob of our backs and then truely explore the whole hillgrove area for more bakers creek finds, i bet vultures are circling but i'm betting on the shareholders working with the admin team to find a solution.

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You’re giving false hope to investors imo …. I don’t think you understand the gravity of the current situation or the costs involved in establishing a 50kozeq mining operation… Hillgrove is the last hope for some shareholder return probably thru a sale but the ongoing costs keep adding up everyday this goes on.

RVR Price at posting: 7.3¢ Sentiment: None Disclosure: Not Held
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