All I know is the Instos bought at $1.70 and $2.12 ish to fill RED's war chest to production and haven't jumped ship, and are more than likely the beneficiaries of these lower bot manipulated prices A large loan of $25 mill was just given to RED after much due dilligence On production outcomes etc Normal stated Production figures would be due to come online about now so March's quarterly is looking to launch share price out of these doldrums seeing we are only trading at a price that is the value of infrastructure only. Remember aren't valuations for this producing mine is closer to $4 than sub $1 that it's trading at ? Mining is a long term play that requires extreme patience but you can bet your last dollar when RED is trading at above $3 in the future when production targets are met, wont we will all be wishing we mortgaged our souls to buy at these prices? ahh hind site is always a wonderful thing ? ;)
RED Price at posting:
93.0¢ Sentiment: LT Buy Disclosure: Held