Ann: Red River increases Liontown contained gold by 125%, page-22

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Zeeshan

7,652 Posts.

618

11/03/20

15:57

Post #: 43430251
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Originally posted by mining=$: ↑

WHEN base metals come back into fashion (which inevitably they will) this company will be worth north of 35-40c. I have a very long investment timeline so have been accumulating slowly and managed to average down close to 12c now. A 300% gain appeals to me over the next 5-7 years however i don't think i will need to wait that long more 2-3 years IMO. Your sentiment has been correct but thats investing and how it works there always has to be a buyer where theres a seller in the short term you have made the right call but for long term players like myself I see value and hence I'll put my money where my mouth is. When this gets back to the mid 30s and we are having this discussion in a few years time who will be the better investor? You who sold at a 50% loss around 11c presuming you had an average around 20c or me someone who just held and maintained belief in the story and underlying value having made a 300% gain? Only time will tell but we all know your sentiment and views on this stock so either contribute your opinion on the announcement or current macro themes (BOTH GOOD OR BAD) or just cut the ties from the forum like you did with your loss, just constant whinging does nothing for constructive discussion about the stock and turns away people who may have a valid contribution either negative or positive.

Keep this in mind as well i haven't lost a tangible cent but i guess you couldn't say the same.

GLTAH DYOR IMO

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again your belief that when base metal prices recover RVR will be a multi bagger is a pipe dream.

We had POZ moving up to $1.15 from $1.00 in the last 6 months and that happened twice yet RVR kept going in one direction and that was down.

So base metal prices can improve but it is not a guarantee that share price of RVR will.

RVR Price at posting: 6.0¢ Sentiment: Sell Disclosure: Not Held
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