RVR 0.00% 7.3¢ red river resources limited

quite simply

  1. 2,297 Posts.
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    in realsimple terms, if this thing can consistently generate $8m minim Cash per quarter for 4 quarters, thats 36m.

    36 @ simple 8x multiple $288m MarketCap. thats 3x below its current ie valued at 50-60c.

    i have bought this on this premise 6months ago and only today its back at my entry point.

    cannot understand the rationale for such anlow shareprice. maybe its the monelife, maybe management need some runs on board, but whatever it is, i aint selling this puppy till it tickles 60c. could be a year from now but ill stick to it!
 
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Currently unlisted public company.

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