Are you basing your comments off this statement "Red River ended the quarter with a cash balance of A$20.2m; an increase of A$2.7m from 31 March 2018 and has no debt."
If so, I don't think it's fair to make assumptions on cash made until the details (exploration/development costs) of this sentence are provided "Red River invested substantially in exploration and capital development at West 45 and commenced mining at Far West during the quarter".
RVR Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held