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7.3¢ red river resources limited

RVR Chart, page-778

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Protagonist

7,036 Posts.

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18/09/19

09:02

Post #: 40461027
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Originally posted by Footnotes: ↑

Demand for shares is still weak, even at these very low levels. I don’t think RVR represents fair value yet but it’s getting closer. But even then only for those with long term investment horizon

Having said this. I think RVR is currently vulnerable to a sudden deterioration in macro outlook eg caused by breakdown in trade negs or post FOMC correction. So while I’m a buyer at 14c, I’ll keep powder dry for the possibility of 10 or 11c capitulation

perhaps I’m excessively cautious but I’ve seen enough investors lose their capital in this raging bonfire to tread warily

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correction * buyer at 13c

might bounce around for next few days, but short term trajectory remains pointed down imho

no wonder holders are disappointed and squabbling. Expectations re this company were once sky high

RVR Price at posting: 14.5¢ Sentiment: Sell Disclosure: Not Held
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