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 $1.02. Always tough to buy against the crowd. Sometimes wise, sometimes a stupid move. Time will tell.
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42.0¢ |
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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19 | 2303463 | 0.410 |
13 | 693056 | 0.405 |
34 | 723622 | 0.400 |
12 | 343937 | 0.395 |
Price($) | Vol. | No. |
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0.420 | 735494 | 1 |
0.425 | 1741878 | 18 |
0.430 | 1937932 | 12 |
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0.440 | 1484830 | 12 |
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