Loki, very good info and clarification/corrections. And thanks for the rainfall chart. As HappyCat would know, they do get a lot of rain there. Maybe living in dry Perth, mgt and board didn't know what 50-100mm/day would be like :-)
Stockpile. The Nov12 presentation still states 100kt of stockpile, but that was also the figure a year ago. I suspect it is below 100kt, but hopefully enough to keep production moving (even though low grade) if excavation remains a challenge. Not sure if they had the ability to stockpile due to silt, then equipment, and now power issues.
Sprott facility: Correct, I didn't quite mean the borrowed $8m was spent (it was drawn down-transferred to cash account), but assume cash is now less than $13M due to special purchases. Did the Chair mention at the meeting how much cash remains? As you point out, RED burns $6M per qtr, so although very tight, not running on empty yet. At least, lets hope capital expenditures are minimal. (Note that the new power generator is rent to own -- necessary when cash is limited).
Well, I added a bit more to my holdings at today's end of day price, even though I had added 25% more RED shares last week at $1.02. Always tough to buy against the crowd. Sometimes wise, sometimes a stupid move. Time will tell.
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Last
33.5¢ |
Change
-0.030(8.22%) |
Mkt cap ! $2.244B |
Open | High | Low | Value | Volume |
34.0¢ | 34.5¢ | 32.0¢ | $7.672M | 22.81M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
54 | 885555 | 33.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.5¢ | 547123 | 51 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
47 | 568761 | 0.330 |
35 | 1250479 | 0.325 |
30 | 1730046 | 0.320 |
21 | 714939 | 0.315 |
15 | 756925 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.335 | 630522 | 46 |
0.340 | 1091166 | 31 |
0.345 | 562751 | 18 |
0.350 | 881887 | 13 |
0.355 | 321001 | 7 |
Last trade - 11.18am 29/08/2024 (20 minute delay) ? |
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