I am not so sure why you think it is a bad thing SAR have sold. Whether the beginning of M&A or new major shareholders both scenarios make it a good thing. Companies are starting to take notice. RED doesn’t need SAR and like a few on here have said were never going to buy more/ takeover RED after offloading KOTH/Darlot previously. The number of assaying results to be reported in the next couple of months will be monumental approx 100k metres still being drilled/to be reported, Seems hard to believe the current KOTH reserve/resource is still based on drilling data from nearly 12 months ago.
Ann: SAR: Saracen sells shareholding in Red 5, page-7
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Last
36.0¢ |
Change
-0.010(2.70%) |
Mkt cap ! $2.448B | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 36.5¢ | 34.5¢ | $18.03M | 50.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 588995 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 407514 | 10 |
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| RED (ASX) Chart |