been in and out of red a few times in recent year. recently in at 1.07 and more at 1.02 and .97 yesterday.
great time to buy some imo.
Think 8 months from now, new manager, power sorted, pumping sorted, wet season over (yes I acknowledge it may be a rough few months ahead and see water issues as main risk), plant operating better, will be some reasonable steady production for hopefully more than 3-4 months etc.
Having said that I'm not buying heavily and keeping powder dry as may be opportunity to buy cheaper over next 6 -10 weeks.
Hopefully 8 months from now I'll be selling when everyone is buying after issues resolved and cash flowing in?!
The most reassuring part for me is that the resource is great and I note the chairmans comments re the shareprice barely trading at value of processing plant etc.
red - agm, page-8
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Last
41.5¢ |
Change
-0.005(1.19%) |
Mkt cap ! $2.823B | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.5¢ | 40.8¢ | $14.18M | 34.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 2564382 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 1323340 | 17 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |