reds gone missing 22/5/12, page-12

Thanks Elzephyrus,

I am wondering if there are a number of institutions from the recent $2.12 placement that are now moving out of RED shares as the quick stag didn't play out??

I am guessing that there would have been some of the participants expecting a quick profit due to the change from developer to producer status who weren't natural long-term holders??

Just guessing, but re-reading stuff carefully I can't see a publicly disclosed, justified reason for RED to be at $1.30. Although that could be said about many GDX participants.

I am increasing my holdings at these prices but but take your guys points on board that there may be lower prices in the short term.

Cheers
John