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RED Phoenix, page-93

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colincj

6,324 Posts.

87

18/11/22

11:14

Post #: 64852206
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Originally posted by MIStragic: ↑

RED is dead till successful commissioning announced.
Also, M&A seems to be necessary to really potentiate KOTH value.
"Consolidation" through M&A for Leonora district has many possible players and actors.
SBM has got a new MD, but he's likely to find it equally hard to make a silk purse out of a sows rear. The more I look at SBM's "assets" the less attractive they become, especially as a package. Gwalia, while "only 35km from KOTH" is actually much much further in energy and cost of production - Gwalia deeps are so deep, it takes and hour to get from bottom to top .... I suspect that not only will RED not take on SBM, but nor will Genesis (GMD). GMD are in the process of M&A with DCN, but will still have a lot of high grade ore looking for a milling solution. This ore is well within economic trucking distance to KOTH ..... RED + GMD would have over 4m oz of reserves and would become a A$2bn MC when their combined potential is recognised by the market. Raleigh becomes MD, and Mark becomes chairman and Saracen Mark 2 is created.

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Mark becomes Chairman this has been his objective from the start it is all about Mark and not the share holders, as I have stated over the yrs Red will be sold off for a song

RED Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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Last 35.8¢		Change 0.003(0.70%)		Mkt cap ! $2.431B

Open	High	Low	Value	Volume
36.0¢	36.5¢	35.3¢	$1.369M	3.816M

Buyers (Bids)

No.	Vol.	Price($)
62	1135230	35.5¢

Sellers (Offers)

Price($)	Vol.	No.
36.0¢	2078912	42

View Market Depth

No.	Vol.	Price($)
62	1080836	0.355
64	2578236	0.350
33	1548305	0.345
43	2446553	0.340
34	1571195	0.335

Price($)	Vol.	No.
0.360	2063434	40
0.365	2899682	51
0.370	1006421	24
0.375	1382135	23
0.380	1055390	19

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