RVR 0.00% 7.3¢ red river resources limited

The first quarter surprised everyone. Let’s remember this; less...

  1. 511 Posts.
    lightbulb Created with Sketch. 19
    The first quarter surprised everyone. Let’s remember this; less than 6 months ago we were an explorer (I think the ASX still has us categorised as an explorer, lol) in a few months of operation we netted $6m profit AT START UP. Most “explorers” need to give away 100 million shares at 6 cents a piece to get that kind of money and still never find anything.

    Despite the teething issues and force majeure events, we will still see more operational time than last quarter which will mean that TENS OF MILLIONS in net profits. In tandem with this, major milestones like the updated resource/mining plan are due, confirmation of increased plant throughput is due, ALL of our exploration is fully funded which will drop bonus results at any time.

    And finally, the SP has found its base at 29-30c, the POZ is holding up, stockpiles are back on the solid decline and the AUD is staying under 80c all at the right time.

    RVR confidence is on the verge of a breakout.
    Last edited by Recon: 19/04/18
 
watchlist Created with Sketch. Add RVR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.