RVR 0.00% 7.3¢ red river resources limited

Relative performance, page-29

  1. 8,727 Posts.
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    I haven't been a holder as long as yourself and to be fair RVR has been good to me financially but it's due to trading along the way and as such cannot complain.

    And here it comes - but - I have also pointed out previously that whilst work is being carried out with development and with the acquisition of the much taunted Hillgrove and the Herberton tenements, cash build has been painfully slow and cash burn particularly with the royalty issue will be high depending on timing and final outcome.

    Adding a few million to the kitty in this high price environment is not that great a performance but it could be a lot more if the mill was filled at Thalanga. That should have been given top priority and it still is a while away.

    To just say that it takes time for permitting and assume all is well gets a little tiring without updates and definitive timeframes. I don't know when Thalanga will be fully loaded but it seems management doesn't know for sure either - but cash build would accelerate if and when that were to occur.

    I hope that BL is correct with his prediction of 30c within the next few weeks as I'll be happy to bail around that figure. Knowing my luck, after I do, it'll probably jump quickly to 40c or beyond - perhaps even a dollar (yeah right) but I won't have any regrets, as RVR is not the only one with potential and I'm sure some will be relieved to read less constructive criticism, as I shall take the good and bad to some other thread. However, don't wave goodbye yet - 30c hasn't revisited yet. Two weeks you say BL??
 
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