I am sad to say that today I bailed on RVR. I thoroughly believe in the story. Good management, expanding resource, good exploration upside and Zn supply is tight. However overnight the Zn price breached a key level of $1.12/lb. This support level had held for 6 month after being tested on a number of occasions. It seems to me that can only happen if the Chinese economy is really rolling over. My fear is that no matter how good RVR is, in a severe market downturn the good gets damaged along with the bad. So I have elected to take a small profit and exit.
I hope for all your sakes I am wrong.
Cheers,
Tim.
RVR Price at posting:
18.5¢ Sentiment: Sell Disclosure: Not Held
