RVR 0.00% 7.3¢ red river resources limited

March QTR Result, page-3

  1. 13,419 Posts.
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    As you say it depends a lot on when payments come through, but somewhere North of $20m sounds perfectly reasonable and could supprise to the upside....the expected spend the March quarter was $21.1 but $4.7 M of that is capital costs related to developing Far West and will start to reduce this quarter and the next..
    That leaves around $16.4 M in expected , exploration, production, admin and sales realisation costs, so any revenue over that is good news....should see an increase in cash IMO..
    https://hotcopper.com.au/data/attachments/1487/1487153-f4ad359bcf50ea901ff8a89547de8d7a.jpg
    Cheers Whisky



    Last edited by Whisky49: 01/04/19
 
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