RVR 0.00% 7.3¢ red river resources limited

Cash Balance & Estimated Cash Flow???

  1. 5,877 Posts.
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    Hi All,

    Having a good look over this stock again this morning (I hold a small parcel). What are people’s views of current cash in bank and estimated cash flows for quarter.

    My oh my does this look cheap on paper if they are still on track production wise. I know zinc is off a bit but AUD falls would cushion that to a degree (not sure about hedging).

    I am also aware it is EOFY and RVR is backing off a strong run (smart hands capitalising on the pull back)

    Can they pull $10 mill cash flow this quarter and
    end up with $30 mill+ in bank? I know I’m being simplistic.

    If so, or even close this is a steal at this price and should realistically be sitting around 40-50c in my book.

    Intelligent thoughts?


 
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