RVR 0.00% 7.3¢ red river resources limited

Ann: Quarterly Activities and Cash Flow at 31 March 2018, page-3

  1. 511 Posts.
    lightbulb Created with Sketch. 19
    First pass of the financials looks like we were down $5m for the quarter but this is because $5.2m in receipts from sales of lead and copper were received late (early April just after the report cut off). If they were received a week earlier we would have profited for the quarter despite the weather/power issues.

    We can look at this one of two ways:
    1) we broke even this quarter; or
    2) this current quarter has a $5m head start so if we track well and avoid force majeure events we’re in for a good time.

    All in all, breaking even at startup in the face of significant issues is a solid result. Less issues and exploration success this quarter will provide for an exciting read in a few months.
    Last edited by Recon: 27/04/18
 
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