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21.5¢ red river resources limited

Ann: Quarterly Activities and Cash Flow Report for December 2018, page-11

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Zeeshan

2,999 Posts.

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31/01/19

09:50

Post #: 37275418
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Originally posted by Theabyss: ↑

Cash at bank at the end of the quarter was $12.7 million; a decrease of $4.7m. This was after investing $2.4 million in mine development, (primarily the Far West underground mine), $1.7 million in exploration activities and the payment of $4.0 million in mineral and net smelter royalty obligations accrued from FY18 sales.

Costs going down, production increasing. Naysayers can say what they will. I like the revenue trajectories and and exploration targets.

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Naysayers? lol
Fact of the matter is that cash in the bank has been continuously reducing for last 4 quarters. no wonder the sp is in decline.
you can produce the entire zinc in the world , but if your cash balance continuously goes backwards it is a failure not a success.
4 Upvote

0 Great analysis

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