Australia's largest stock trading and investment forum Australia's #1 stock forum

RED

Click for more information

3.16%

49.0¢ red 5 limited

Maybe they will take it up to 19.9% to make it more secure….....

First 16 Last

Share
Profile

Follow
Preston3

2,001 Posts.

486

18/09/23

15:24

Post #: 69902453
Share

Originally posted by Patron: ↑

It’s a big enough stake to block another potential TO, it could deter RMS or GMD from even trying … I’d love to see them try though, and I’d expect a bid to come in <2 weeks if it does.

After SLRs botched bid for Leonora, I reckon they’ll fight hard to get RED if there’s a competing bid from say GMD. Given SLRs failure then, this might even be a vindictive ploy to thwart GMD or at least make GMD pay more to ultimately get RED.

More realistically though, it doesn’t make a lot of sense for SLR to stop there… 11% buys them a seat at the card table now, it gets them cosy with the BOD and sooner or later they’ll bid for the rest.

Expand

Maybe they will take it up to 19.9% to make it more secure….. all depends on who management have been talking to, SLR might or might not be their preferred partner

RED Price at posting: 26.8¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 143 more messages in this thread...

First 16 Last

Add RED (ASX) to my watchlist

(20min delay)
Last 49.0¢		Change 0.015(3.16%)		Mkt cap ! $1.697B

Open	High	Low	Value	Volume
48.0¢	49.5¢	48.0¢	$8.678M	17.80M

Buyers (Bids)

No.	Vol.	Price($)
2	134459	48.5¢

Sellers (Offers)

Price($)	Vol.	No.
49.0¢	1887945	18

View Market Depth

No.	Vol.	Price($)
1	39914	0.485
16	1898591	0.480
25	1192286	0.475
16	793521	0.470
6	227295	0.465

Price($)	Vol.	No.
0.490	1658421	15
0.495	1643274	19
0.500	2455020	32
0.505	153346	3
0.510	523838	8

Last trade - 16.10pm 21/05/2024 (20 minute delay)


Last 49.0¢			Change 0.015 ( 2.25 %)
Open	High		Low	Volume
48.3¢	49.5¢		48.0¢	3588156
Last updated 15.59pm 21/05/2024 ?

RED (ASX) Chart

SPONSORED BY