RVR 0.00% 7.3¢ red river resources limited

Ann: RVR identifies multiple large silverindium targets at Orient, page-9

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  1. 8,651 Posts.
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    What appears typical is that when no announcement is made SP languishes and when a market sensitive announcement is released the market does react - negatively - down to 20c??.

    Currently negativity is boosted by more lockdowns and their impacts - both on people and businesses. In light of this, no amount of 'good' news will make a major upward impact on sp - plus of course in this case Herberton is years away to contribute to any earnings for RVR thus another 'meh' reaction.

    Personally, I don't expect too much upward movement in sp even if a good Q result announcement is released. We'll soon know. Bottom draw hold and perhaps a chance to add.
 
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