RVR 0.00% 7.3¢ red river resources limited

As a point of general interest, between 5th Dec 2018 and 5th...

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    As a point of general interest, between 5th Dec 2018 and 5th April 2019, approx. 86 million RVR shares were traded at an average price of 16.2 cents. Since 5th of April 2019 there has been 16 trading days where 60 million shares have exchanged at an average price of 20.2 cents. Likely that some people are taking profits off the table and the adage of selling in May and going away may also be having an impact. However, given that the US is in a pre-election year (and touting a US$1T infrastructure spend), China is ramping up its Belt and Road Initiative, plus there is an ever closer US-China trade deal which, once finalised, will trigger risk optimism in base metal equities. Hence the macro environment is looking very good for RVR. IMHO and please DYOR, great buying opportunities still at these levels, H2 2019 will see this in the 30's.
 
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Currently unlisted public company.

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