JTANG
Are you trying to scare yourself?
A capital raising now at $1.00 when the share price is $1.45 would be absurd. However, if they become desperate later on and the share price is around $1.15 then that could be a likely level.
At present they have plenty of cash. $13m will last a fair while and with expected outflows of $17m this quarter they only need to earn revenue of $5-6m to stay solvent. I think they will only produce around 6-8k ounces this quarter which would bring in about $10m-$13m in revenue.
There is no need for you to downramp the company. I expect the share price to fall anyway and you can buy in lower over the next few days.
loki
- Forums
- ASX - By Stock
- RED
- morning trading
morning trading, page-20
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RED (ASX) to my watchlist
|
|||||
Last
30.5¢ |
Change
0.015(5.17%) |
Mkt cap ! $2.074B |
Open | High | Low | Value | Volume |
29.0¢ | 31.5¢ | 29.0¢ | $6.131M | 20.29M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 1710117 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.0¢ | 290135 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 1710117 | 0.300 |
11 | 1296860 | 0.295 |
15 | 722402 | 0.290 |
30 | 1292788 | 0.285 |
31 | 1212793 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.310 | 290135 | 11 |
0.315 | 805152 | 11 |
0.320 | 1058714 | 15 |
0.325 | 522609 | 11 |
0.330 | 885886 | 13 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
Featured News
RED (ASX) Chart |