Surely cashflow is not really a problem.It may be nice to be...

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winner1day

422 Posts.

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19/08/21

10:07

Post #: 55406399
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Originally posted by Whisky49: ↑

RVR is in a continuous hunt for increased resources as are most miners but is largely irrelevant to our current issue which is revenue .

This current quarter is likely to be similar if not better than the last quarter but beyond that is a bit of a mystery envelope that has yet to be opened.

Hillgrove finishes this quarter it seems for a yet unknown period , Liontown has a yet unknown start date so its down to Far West and at some stage it will pass its best. Hopefully Liontown is on stream by then.

That is the reality of the current situation , how it plays is simply unknown at this point and is reflected in the shareprice. Its a bit of an asset rich cash poor situation , something many who own property will be familiar with..

The good news is we have a profitably producing mine with two others on the way but it could get a bit tight in the meantime.

Cheers Whisky

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Surely cashflow is not really a problem.
It may be nice to be able to carry out all activities that are desirable from operational cashflow.
However, there is always the fallback position of obtaining a modest loan. After all, many would-be miners start on the road by obtaining bank finance to develop a mine from scratch.
Indeed often it is preferable to obtain finance and pay the interest and adhere to the conditions imposed by the financier in order to bring forward development plans and corresponding cashflows.

RVR Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Surely cashflow is not really a problem.It may be nice to be...

Top Stories

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

EBR reaches review milestone for wireless cardiac pacing device

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

Results wrap: Austal, TPG Telecom and Downer

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