dissapointing, page-4

been hearing that since RVR got into production.

the one off costs, exploration, increasing LOM etc etc. 

Fact of the matter is it has been more than 12 months where RVR is not making enough money to counter its cash out flows.   

I am all for growing your resource and increasing the LOM but not at the cost where you half your bank balance and that too over the period of 12 months!  if RVR spent more than they made in one quarter or two , it would have been ok but we have had 4 back to back quarters where the cash continues to go south.  

If the RVR continue on the same path soon they will have zero bank balance.  I have been going on about this for last 12 months and no surprise the sp has also been going south despite RVR spending money to increase mine life and grow fundamentally.  There had to be a balance where they needed to stop spending money and focus on increasing the cash in the bank and reduce the C3 cost to make RVR more profitable.

yes the C3 cost is reduced from its astronomical highs but it is still not good enough. RVR share price will continue to go down till they change how they operate and spend money.