strange trading...., page-25

I have a feeling these bigger players have been playing a game with us, and at some stage soon will demonstrate why on a combined basis, have invested $15.19 million (yesterday) and due to put in another $29.76 million in the coming month and a bit.

These insto's and funds are aware of the ultimate returns they can achieve, as RED continues to be considerably undervalued based on the base case scenario at gold prices way below current prices, due to it making the transition from explorer to producer.

Even in a bear market scenario, RED remains considerably well placed to out-perform its peers in the gold market - as I have pointed out consistently (and maybe bored you all with) RED is one of the few gold focussed companies at the stage of making the transition to gold production and as a consequence remains at a discount to fundamental value. Almost all gold producers - I can't pick one gold producer that isn't currently trading at a premium (I'm happy to be made aware of even ONE that at present is priced at fundamental value, let alone at a discount to fair market price).

Us smaller players will be watching from the sidelines once that second tranche of funding is completed. Just on that - since that second tranche of funding is subject to shareholder approval it is not in the interests of the insto's taking part to have the RED share price too much higher than 15.5 cents before the vote is taken, at the risk of current shareholders vetoing the approval - remember any investor being included in that second tranche cannot vote at that General Meeting.

RED share price WILL be one of the best performers in the market over the coming 6 months IMO!