Yep nailed it again @neptune61 I would be spewing if they were...

First 24 Last

Share
Profile

Follow
Plext

4,335 Posts.

277

27/03/19

14:49

Post #: 37901723
Share

Originally posted by neptune61 ↑

I understand your point about the cash balance reducing each quarter. You have been labouring the point for a while.....and you are wrong. What should a mining company do with cash in the bank while they are developing a second mine? Perhaps you are proposing that they should sit on the money in the bank and borrow to build the mine...possible but obviously not the answer. Perhaps they should give a dividend and borrow to build the mine, once again possible, but not the answer. Perhaps they could have a capital raise for the sole reason of appeasing Zeeshan and leave the money in the bank. I don't think Plext would vote for that.
Or lastly, perhaps they could ensure that they spend only the money they get on in sales. Pointless
My answer for what they should do with cash while developing a mine is, if it is needed,spend it, as it is of NO use just sitting there!

This update is a watershed moment for Far West. Easy to treat ore with HIGH recovery. This is the mine that will take us forward. West 45 was the means to get us there.

Cheers

Neptune

Expand

Yep nailed it again @neptune61

I would be spewing if they were to raise capital under .25c

RVR are spending within their means ( Telling us they are within their budget.. AGAIN )

IMO and the employment of a recovery expert is a Masterstroke with results outstripping the PFS numbers

RVR Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

US election outcomes: Key economic and market takeaways

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

There are more pages in this discussion • 45 more messages in this thread...

First 24 Last

Add RVR (ASX) to my watchlist

Yep nailed it again @neptune61 I would be spewing if they were...

Top Stories

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Power gets set for 1000-metre maiden drilling program in Brazil

US election outcomes: Key economic and market takeaways

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

Featured News