RED RIVER RESOURCES (RVR) Shares

ABOUT RED RIVER RESOURCES

Red River Resources Limited is an exploration company. Its portfolio includes the exploration and development of mineral projects throughout Australia.

These projects include the exploration of copper, zinc, lead, silver, gold and base metal deposits. The company owns an interest in the Thalanga project in Queensland as well as the Hillgrove project in Armidale, New South Wales.

The company’s main goal is to create shareholder value. It follows two steps to do this.

The first is by purchasing, developing and producing operations at Thalanga, Qld. The second is to generate targets and create opportunities for new discoveries and deposits.

Red River Resources Limited is headquartered in Charters Towers, Australia. 

OVERVIEW OF RED RIVER RESOURCES

• In 2005 Red River Resources has its initial public offering and is listed on the Australian Stock Exchange. In 2014 the company enters into a binding exclusivity agreement to buy the Thalanga Operations from Kagara liquidators for a price of US Dollar 6.5 m million. It raises US Dollar 7.5 million, 75 million shares at a price of 0.10 cents per share.

• This transaction funds the purchase of the Thalanga Operations. The company raises US Dollar 3.6 million, 20 million shares at a price of 0.18 cents per share, in order to fund the exploration and restart activities at Thalanga Operations.

• In 2015 the company achieves Asian Exploration Deal of the Year for its purchase of the Thalanga Operations. Later the year the company completes Thalanga Restart Study, which highlights the project’s potential low operating risk, operating costs and capital cost.

• In 2016 it raises US Dollar 30 million to commence with operations at Thalanga.

• In 2019 Red River Resources Limited announces that it would buy high-grade Hillgrove gold-antimony project in New South Wales for a price of US Dollar 4 million.

VISION & VALUES OF RED RIVER RESOURCES

• Red River Resources Limited’s primary goal is to create sustainability and prosperity through resource developments for its shareholders and stakeholders.
• The company operates responsibly and takes the safety and health of its employees and contractors very seriously.
• The company conducts business ethically and with integrity.

MARKET PERFORMANCE OF RED RIVER RESOURCES

• Red River Resources Limited trades on the Australian Securities Exchange under the ASX stock symbol RVE.
• Data analysis for the company’s annual financial results for the year ending 30 June 2019 reports a revenue from continuing operations of US Dollar 96.5 million. Sales realisation costs are US Dollar 23.7 million. Production costs are US Dollar 42 million and depreciation is US Dollar 12.4 million. Operating cash flow for the period is US Dollar 23.0 million.
• EBITDA is US Dollar 19.4 million and EBIT is US Dollar 6.0 million. Profit after income tax is US Dollar 3.8 million. Total expenses are US Dollar 78.0 million.
• Profit before income tax expense is US Dollar 5.5 million.

Buy RED RIVER RESOURCES stocks / shares – A Step by Step Guide how to Buy / Purchase RED RIVER RESOURCES Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy RED RIVER RESOURCES Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN RED RIVER RESOURCES STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE RED RIVER RESOURCES STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of RED RIVER RESOURCES stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

1. Is it the best time to buy this stock / share?
2. Should I buy RED RIVER RESOURCES stocks / shares in the current economic climate?
3. Can I afford to buy this stock / share?
4. What is the forecast of the stock / share growth?
5. What is the current price per earning ration on the stock / share?