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7.3¢ red river resources limited

In Gold we trust, page-152

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Ilikegreen

276 Posts.

51

13/06/20

15:24

Post #: 45203556
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Originally posted by speculator101: ↑

Fair enough if you view it has not having an effect on the SP.
All depends on whether the holders actually want to sell.
The shares were worth approx $0.15 when dished out.

As for how to look at share investing. I try hard to look at the downside first, then... the upside (and yes, there is upside).
In some ways the downside is limited for RVR, with its low MC. But... only a few little issues, and their debt and cash position could change quickly).

I also see some small headwinds in regards to AUD priced commodities, with our dollar holding up quite well compared to many currencies.

Anyway, I agree you cannot earn much in a bank, but... then you cannot yet lose capital (in a saving account). The same cannot be said for a company listed on the ASX.

Lastly, I am also waiting to see if there is any tax selling (since most holders who have held for 5 years or less would be sitting on a loss right now).

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You cannot lose money in a savings account. I beg to differ my 20 years scenario, do you think $1,000 will buy the same that it can buy today it's, called inflation.

RVR Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
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