10m of 20m royalties already in a trust fund. Have over AUD20m...

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CuAupow

228 Posts.

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30/11/21

19:39

Post #: 57975273
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Originally posted by VYR: ↑

Very astute observation Beach. I like your work reading between the lines.

I don't suspect there is any need to wonder where they might need to use an updated presentation in circumstances where royalties need to be paid and revenues from production are in question and mining costs are escalating with unexpected bad ground.

At least they have given the tea leaf readers fair warning. Thanks Mel.

Maybe soon RVR will surprise on the upside but ??????? there is always something that turns up that the risk managers haven't provided for.

You could be forgiven for saying "what risk managers"

The road to a more certain outcome would seem to involve more detailed analysis before resources are presumed to be worth mining.

A wish and a prayer and a discounted CR as a back up plan seem to be the order of things.

I wish I could be more optimistic because optimism is a big part of my DNA. I guess thats why I have loaded up big time on RVR on two occasions.

Dud me once and your a fool. Dud me twice and I'm the fool.

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10m of 20m royalties already in a trust fund. Have over AUD20m indrawn facility which mgmt said may draw down for remainder royalty payment and almost 25m cash in bank. CR not going to happen. Royalty matter is settled. New mining commencing shortly at Syndicate. Thalanga will be back on track after this quarter. Blue skies ahead.

RVR Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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