RVR 0.00% 7.3¢ red river resources limited

Ann: Red River completes transformative December quarter, page-86

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  1. 8,713 Posts.
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    It seems people's expectations are not lived up to when it comes to company performance. Those who feel that way may care to read the following mission statement as has been signed off by the CEO and appears on many announcements :

    About Red River Resources (ASX: RVR)

    RVR is seeking to build a multi-asset operating business focused on base and precious metals with the objective
    of delivering prosperity through lean and clever resource development.
    RVR’s foundation asset is the Thalanga Base Metal Operation in Northern Queensland, which was acquired in
    2014 and where RVR commenced copper, lead and zinc concentrate production in September 2017.
    RVR has recently commenced production at the high-grade Hillgrove Gold Mine in New South Wales which
    was acquired in 2019. The commencement of production at Hillgrove is a material step in RVR building a multiasset operating business focused on base and precious metals.

    On behalf of the Board,
    Mel Palancian
    Managing Director
    Red River Resources Limited

    Upon reading that one should ask the question whether that objective has been worked towards. I'd say yes - brick by brick, stone by stone, though others may disagree. I choose to focus on the objective and it's gradual realization.
 
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Currently unlisted public company.

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