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.
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Last
33.3¢ |
Change
0.013(3.91%) |
Mkt cap ! $2.261B |
Open | High | Low | Value | Volume |
32.0¢ | 33.5¢ | 32.0¢ | $10.43M | 31.84M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
63 | 2165115 | 33.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.5¢ | 2229818 | 57 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
65 | 2294406 | 0.330 |
43 | 2230292 | 0.325 |
50 | 1826130 | 0.320 |
23 | 1213302 | 0.315 |
30 | 766675 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.335 | 2068141 | 52 |
0.340 | 1489699 | 36 |
0.345 | 733543 | 14 |
0.350 | 1349698 | 17 |
0.355 | 945268 | 18 |
Last trade - 14.27pm 30/08/2024 (20 minute delay) ? |
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