Fall of 7.2% to $1.55 in the share price.
The POG fell back to $USD1777 and the HUI, GDX, and GDXJ also fell last Friday night, so many OZ goldies have fallen this morning. But the reaction in RED's share price seems extreme.
It looks like Timber will get to buy his cheap RED shares after all.
The $8m drawdown is a non-event in my view. The only thing that matters is the level of production, and this has been inconsistent to date but should now be fixed.
loki
Ann: Sprott facility drawdown , page-6
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Last
40.5¢ |
Change
-0.010(2.41%) |
Mkt cap ! $2.772B | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.0¢ | 39.5¢ | $2.207M | 5.483M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 928918 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 1076833 | 57 |
View Market Depth
| Last trade - 11.40am 19/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |