41c Target Off Double Bottom?, page-24

Mostly, technicals are driven by fundamentals (seen or unseen). RED's value is apparent to some like Argonaut, whose latest report on potential takeovers which has RED listed.
https://unauthorised investment advice/resources/barry-fitzgerald-eight-potential-ma-gold-targets-in-2021/?
The firm’s commentary about Red 5 being on the list was interesting as well.
“Developer/producer Red 5 is notable for the absence of any apparent third party interest in it, despite a swelling gold inventory backed by a huge drilling database, first rate location, and tepid market rating,’’ Argonaut said “It is possible it just doesn’t stack up – or it is a stand-out opportunity for someone? We favour the latter"
GOR produces 140k oz p.a. (it owns 1/2 of Gruyere's production) with ASIC A$1350 for a MC of A$1.114bn and Morgan's have recently increased their SP target to almost A$2bn.
KOTH will produce 170k oz p.a. at similar AISC ... hence its NPV (acknowledged by all analysts) is A$1bn+, or 50c/share. The recent POG retracement appears over, and higher POG appears very likely in the NY, along with RED's announcement of debt finance, a Siana solution and much better performance from Darlot ..... whats not to love ? Patient RED shareholders will be rewarded in the NY, one way or another .... keep safe, don't let the COVID get you down.