Looks as though someone knows something positive that we don't, or simply that RED has been oversold.
Longreach, as you know, valuations are "finger out the window" with speculative stocks. My finger says CDO lifted = teens.
Given where the sp got to previously and the additional stock issued since, I would be looking for $1+ once they get back into production.
If Holdonman buys back in then probably double the above, lol.
The resource is top drawer, which is why so much effort is being put in and why they will not walk away.
speculative buy, page-5
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Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.516B | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 37.5¢ | 36.3¢ | $3.049M | 8.262M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 269461 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 805057 | 10 |
View Market Depth
| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |