RED 2.70% 36.0¢ red 5 limited

The Demise of RED5, page-13

  1. 748 Posts.
    lightbulb Created with Sketch. 187
    Hope you don't mind me jumping in on your conversation, but I thought that I might throw in my thoughts.
    From the open pit review on 24/09 the following forecasts were given
    Sept Q 16000+ (actual 17,737)
    Dec Q 7000-10000
    March Q 7000-10000
    June Q 20000-23000.
    Full year 50000-60000

    The presentation 27/10 updated this to
    Sept Q 17,737
    Dec Q 10000-12000
    Mar Q 7000-10000
    June Q 16000-21000
    Full year 50000-60000

    In my opinion their target has always been 50000-60000 for their fist full of production. As each quarter comes in they will adjust the other quarters to maintain this. Gives them plenty of wriggle room at the end if things go wrong, and a big fat tick if things go right. With the dry spell continuing (and no rain events predicted till at least mid Jan) and extra equipment, my guess is 14000+ for the Dec Q. Don't know how far they will adjust the June Q down if this happens. If thing go right we might see closer to 70,000 for the full year.
    Just a bit of trivia, the month with the highest rainfall this year for Tubod (according to the accuweather website) was June with around 350mm. Interesting that the east wall movement occurred in early July.
    My opinion so my not be worth a pinch of the proverbial goat crap.
 
watchlist Created with Sketch. Add RED (ASX) to my watchlist
(20min delay)
Last
36.0¢
Change
-0.010(2.70%)
Mkt cap ! $2.448B
Open High Low Value Volume
37.0¢ 37.8¢ 36.0¢ $9.825M 26.88M

Buyers (Bids)

No. Vol. Price($)
18 1862724 36.0¢
 

Sellers (Offers)

Price($) Vol. No.
36.5¢ 2312588 9
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
RED (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.