I have to agree....the market's main problem with RED has been the delays in getting title and finance. Based on the BFS, the project is worth around 20cps, by my rough calculations. Likely to encounter some corporate activity I would have thought, before they get a chance to develop Siana fully, as it just looks ridiculously cheap.
Ann: Siana Bankable Feasibility Study , page-10
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Last
39.0¢ |
Change
-0.010(2.50%) |
Mkt cap ! $2.669B | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.8¢ | 39.0¢ | $5.388M | 13.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 59 | 920827 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 1594175 | 52 |
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| Last trade - 15.38pm 23/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |