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21.5¢ red river resources limited

Last Dec we had a Cu recovery insight from management, now this...

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27/03/19

22:34

Post #: 37907073
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Originally posted by Vector ↑

Its a pretty simple question mate. If you can’t answer it that’s fine but just admit it instead of fluffing around. I’d suggest doing quite a bit of reasearch on mining and how to value mining companies because otherwise you are sure to be disappointed.

What I do agree with you is this current market has very little patience to give miners (especially at the small end) benefit of the doubt. So right now they are assuming that Cu recoveries are going to continue to be crap just like last year with limited production upside or commodity prices are going to significantly fall. It doesn’t mean the market is right.
The market wants to see results in the form of revenue/profits however by the time you have 6-12 months of very good performance the share price won’t be at 15c.

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Last Dec we had a Cu recovery insight from management, now this today = $%$ 3 months later.

RVR Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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