RRS
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0.00% 0.1¢ range resources limited

Well...25% more oil produced  -  GOOD55% more revenue  - ...

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    30/11/18
    20:59
    Post #: 36712143

    Well...


    • 25% more oil produced  -  GOOD
    • 55% more revenue  -  GOOD
    • 25% better price per barrel  -  GOOD
    • Cost of production down by 43%.  This gives a 53% gross margin.  -  GOOD
    • Losses reduced  -  GOOD
    • Cash down and borrowings up.  - NOT GOOD.  Worrying to see reduction in cash, however we know they bought more assets.


    I hope to see meaningful improvement in the financials based on their forecast product increase.


    https://hotcopper.com.au/data/attachments/1371/1371423-6bc6525670ec9da9d764bef4a8fcf03a.jpg

    RRS Price at posting: 0.1¢ Sentiment: Hold Disclosure: Held
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