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beconstructive

59 Posts.

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18/04/19

13:48

Post #: 38200436
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Originally posted by wassa: ↑

Bullcase.......we could go on for hours Plext .....but then others would question our motivations.

But seriously I have followed a lot ( and invested in a handful ) of small and medium cap miners for a lot of years now.....as a cross section of those I have followed some have performed and lots haven't, failure or lack of upside mainly from debt, no free cash, bad management, poor infrastructure, low grades and commodity pricing slumps.

Enter Red River Resources.

They have no debt....and self funding mine expansion and exploration.

RVR is back building cash after a reasonable capital expenditure on Far West.

The management is top class.....real miners, geos, not bankers.

The infrastructure is old but robust, is processing a high grade product and is not constrained by capacity.

The mine grades are good and increasing into Far West, Waterloo.

Commodity prices are on the way up.

Theres a lot to like. I am ultra bullish on RVR. The last miner I held with this potential and this undervalued was Avanco Copper, ultimately taken over at 100% premium.... don't understand people's motivation to sell at these sp levels with the recent performance .....maybe the royalty case has a few spooked.....anyway everyone to there own.

Anyway that's it from me for a while have some project commitments about to start that will keep my time stretched in the short term.

I really do think the Thalanga project, the management and Pybar as the contractor are top class and those who hang in will get their reward.

Keep them downrampers honest Plext.

Wassa.

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Wassa I agree with everything you said. Just not the conspiracy theories. I'm long too.

RVR Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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