Indeed probably good news for most Philippines based miners - however I think it would be unwise to assume that it will be "back to the good ole days" with Lopez's rejection because Duterte himself is anti-mining.
Will be interesting to see if the market starts pricing in receiving approval for the tailings dam just on this news alone...
Personally I think that wold be unwise, but once they get the approval RED looks like a cracking buy (but not before).
Lopez decision, page-2
Add RED (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
32.0¢ |
Change
-0.045(12.3%) |
Mkt cap ! $2.176B | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.5¢ | 31.5¢ | $21.62M | 65.95M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 674965 | 9 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |