Periculum - The article from last Friday's Oz and was by Bridget Carter in her Dataroom column. The article was titled "Red 5 stocks on the rise as investors bet on a Genesis Minerals takeover".
In essence, the article said there were always suggestions GMD would move on RED but that sources close to GMD suggested this would be some time off. She added that no-one knows the KOTH asset better than Raleigh Finlayson and that in light of RED's recent performance (some aspects of this were mentioned in her piece), some may think a deal makes sense sooner rather than later.
Details of the "some" or how many people made up the sum of that "some" weren't elaborated upon!!
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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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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |