A SP of $1 would mean RED would have a market cap of over $800m and to support a market cap that high it would need to be generating profit in excess of $80m a year.... not going to happen.
Best case IMO is a SP of 20c (market cap around $170m) supported by annual profit of $20m per annum - this is a stretch.
CDO still in place and gold falling so RED is in a bad situation.
The good news is the SP can only fall another 7.2 cents :(
Ann: Siana mine site - Typhoon Haiyan , page-9
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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 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |