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10:29
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Originally posted by mining=$
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I'm very happy with the loan as it's providing a hedge at the moment with the aud to usd. I don't think we would have used any of the cash as the stated purpose was for covid 19 cash protection which hasn't impacted us at all and even with a loss we should easily be able to cover the cost of loan and maybe even make a bit of money but only just. Even so we would then be very low on cash and as you and everyone knows with mining it's unpredictable to an extent and we do need a cash buffer hence why a cap raise at current levels would be justified. I'd also love the raise to get liontown and other hillgrove mines into production as I think for a short term slight pain the medium term benefit would be insane and we would easily push north of 30-40c. Anyway I guess we will find out soon enough, I have enough left in this puppy to profit greatly if we take off however I'll be contempt if we drop back down as I'll load up again! Imo dyor gltah
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Rvr must be one of the very few undervalued soon to be gold producer on the ASX. The advantage also with an ever increasing gold price we are not locked into any hedging contracts. I think the timing will be perfect. Like AMI the turnaround will happen.
