RED 1.45% 35.0¢ red 5 limited

ann out rights issue to recommence prod , page-143

  1. 1,327 Posts.
    lightbulb Created with Sketch. 9
    Theory number 1
    Build a mine at $2 share raising
    Ask some big instos to join in.
    Promise gold produced at sub $350oz, promise over 100k Oz annually
    Tell the share market how good you are doing, production on track to meet target
    Don't mention, escalators sinking into pit floor, don't mention electricity shortcomings, don't mention pump problems, don't mention earth moving problems, don't mention gold recovery problems.
    Allow big insto. Reps to visit site, show them what a good job you are doing.
    Big instos freak out, share price plummets, mum and dad investors bewildered.
    Sign up for loan you know you can't repay, sit back and watch as mine falls apart.
    Hey it's not our fault, you mum and dad investors knew the risks.
    Start cap raising, cough up mum and dad or else.
    Ask big instos to join back in, everything will be sorted out thanks to mum and dad.
 
watchlist Created with Sketch. Add RED (ASX) to my watchlist
(20min delay)
Last
35.0¢
Change
0.005(1.45%)
Mkt cap ! $2.380B
Open High Low Value Volume
35.5¢ 36.0¢ 34.8¢ $7.381M 20.99M

Buyers (Bids)

No. Vol. Price($)
16 500592 35.0¢
 

Sellers (Offers)

Price($) Vol. No.
35.5¢ 479161 12
View Market Depth
Last trade - 16.10pm 16/08/2024 (20 minute delay) ?
RED (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.