I would like to think that the market would not react like this due to comments made by a disgruntled, vindictive, former share holder who creates stories to push his own agenda, but the market is, by nature, irrational.
I find the capital raising story a good example. Not sure what information he has, but cash looks OK to me. Has over $8 mil in bank, $4 mil to come from Au sales, over 6000 oz Au (about $10 mil) in inventory for over $22 mil available cash. There's a drought throughout the southern Phillipines which shows no sign of breaking which gives Red a great chance of meeting, at least guidance.
It may all go to crap but at the moment, in my opinion, the mining gods are smiling o Red.
Ann: Investor presentation, page-7
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Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.550B | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.8¢ | 36.5¢ | $3.549M | 9.529M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 2178835 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 1449721 | 55 |
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| Last trade - 12.37pm 02/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |