Welcome to you being a holder of Aussie shares - though you did not specifically mention RVR as being one of them. Personally, I don't hold any foreign shares and find it intriguing that anyone from overseas should take interest in a small and probably not that well known company as RVR. Mention has been made in some posts re RVR's lack of PR skills - just goes to show you.
Not sure about everyone being right out of their perspective as you indicated. The company is an evolving one - one mine shut, one being mined, one being developed and one soon to restart operations in precious metals with a huge resource base and at least a decade or two mine life.
There are some here who can't let the past go and continually rubbish management for whatever they perceive as happened. Others are more forward looking - plain and simple. As I see it, downramping is not in the same league as being forward looking - though some see that as being upramping.
Forward looking is merely seeing a company in transformation mode to bigger and better things - the timeline for this cannot be simply measured in daily share price movements or because a piece of equipment failed or because there are some delays in progressing a mine restart or even because a bad quarterly result. You talk about mining here - not a fixed interest account - there are bound to be roadblocks, stumblings or whatever - but this does not deter from a longer term pathway - that being a successful multi-asset operation. You talk about kindergarten - did one not crawl before one could walk, or did one not babble before one could talk???
Others may want to go and fight for that 'kindergarten toy' as you say - but forward thinking holders are way beyond that.
However, none of the above is in any way a 'sell' for this company - that decision should come from your conviction and at your peril. All the best to all in investment decisions.
RVR Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
