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7.3¢ red river resources limited

Ann: Red River renews Trafigura offtake agreements, page-100

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gadgetman

1,431 Posts.

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02/12/20

13:16

Post #: 49295612
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Originally posted by Whisky49: ↑

Yes underlying revenue in the Sept quarter based on actual production would have been around $31-32 m IMO so the current quarter requires three things to happen to potentially exceed that underlying result.

1: Commodity prices in $A to improve on average over the quarter, that's almost a given now.

2: Production to increase: That won't be known untill Jan and could go either way but the guidance from Mel is 90-100,000 t which was the same guidance for the Sept quarter and likely to be similar.

3: Grades increasing: Again won't be known until Jan and there is no guidance on that so is a coin toss.

So higher prices could cancel out lower grades and/ or lower production or could be enhanced by higher grades and / or higher production.

Summary : We haven't a clue really but will know sometime in Jan, probably work on $30m which would be a perfectly good result and enjoy any upside if it comes and there is certainly scope for that...

Cheers Whisky

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dont forget the aussie dollar has a big bearing on profit.

RVR Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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