RED 3.90% 37.0¢ red 5 limited

good news, page-17

  1. 12,824 Posts.
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    No worries Tokyo. I sense that you are local, that's all. Our IP's are similar. I'm trying to fish for some goss, but the text replies thus far just consist of GE's character assessment.

    Will be interesting. Best they get the production guidance revision out of the way ASAP, IMO. And will they need capital of not? If so then do that quickly too. Then there is the contractor problems to be sorted - also ASAP. After that the company should be a strong buy across all broker's notes, IMO. I'll probably be one of them - a buyer that is. The other ramp-up management issues should resolve themselves under the right leadership.

    Takeover is a tantalising thought too. Is the For Sale sign going to go pegged out front? Has it been already? Tokyo's reasoning makes sense, IMO. I'm inclined to look to Canada before Medusa though. Something like B2Gold picking up CGA's Masbate project during hick-ups and with a sun bleached and weathered "For Sale" sign out front.

    GLTA
 
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