RVR 0.00% 7.3¢ red river resources limited

Ann: Change in substantial holding, page-91

  1. 13,464 Posts.
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    You can continue to make excuses about equipment but RVR acquired some equipment years ago so they have had time to address any issues and there is certainly machinery ( although limited ) available for immediate hire.

    Lily is not making excuses for anyone, just pointing issues that are widespread and been obvious in the industry over the last 12-18mths , we also know have been affecting RVR, something that many here can't or won't get their heads around . Whats their excuse.

    Unless you think Mel and the BOD are lying on a beach somewhere then its not unreasonable to assume they are full on dealing with theses issues. They are unlikely to satisfy the individual whims of the average HC poster whatever they do..

    The previous owner was an owner operator hence the equipment that came with the mine, RVR have gone down the mining contractor route, whether that machinery may be bought or leased by the contractor will likely be part of negotiations but newer equipment, /technology will be more efficient.
    Getting skilled staff to operate them is a different matter altogether and going by the job adds is ongoing and not easy..

    The current aim is to get mining at Hillgrove early next quarter and no amount of updates will change that , why would you promote something with Hillgroves history before you started mining it, thats asking for trouble..

    Anyone that doesn't know the general thrust of what's trying to be achieved at Hillgrove or Thalanga hasn't been listening or reading IMO and there is no reason to believe they won't happen , everyone ,including management, would like that sooner than later for obvious reasons..

    Cheers Whisky




 
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