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7.3¢ red river resources limited

Ann: Quarterly Production Update, page-18

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14/04/20

09:17

Post #: 44024041
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Originally posted by whisky49 ↑

As I do when each quarterly production report comes out I multiply the concentrate of each commodity produced for the quarter by the price it received in the previous quarter, plus I have added $2m for Gold and silver. The total comes to $15m approx in revenue against $22m in expected outgoings.

The above assumes they sell all the concentrate produced and at last quarters prices , which were much higher than this quarter but may have been mitigated to some degree by a weaker $A.

Based on the above cash will reduced by around $7m to somewhere near $5m and could easily be less. Would depend a lot on how much development and exploration spending was actually done during the quarter.

IMO based on that and likelyhood of them not to wanting to take on debt through existing finance facility, they would almost certainly need the help of a JV partner to move forward , its either that or a CR . If it wasn't for commitments to honour existing contracts ( I'm not sure where they stand with that) IMO they would have to be considering putting Thalanga on care and maintenance in the current market and concentrating on Hillgrove...

Cheers Whisky

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Think we nailed it, lets not talk about the price to get the product sorted down the road either.

RVR Price at posting: 7.4¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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