MacWankers have commenced coverage, in the main because RED10 is now one of the larger established ASX200 stocks - this is will satisfy its international clients and index followers etc. The SP target implies, all things being equal, that RED10 can continue maturation, to justify its current SP, and may increase to MB's "target" of 50c .... unless RED pulls another rabbit out of the hat, thats the top for now IMHO.
For those who can do simple math, the cost of buying out the hedge is at todays A$POG, net A$1000 per oz hedged .... whew.
Perhaps the new BOD will have other priorities ??
I wonder when the new MD will address the nation and inform us all, about immediate goals and settle such matters ??
50 cents and over, page-30
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Last
33.0¢ |
Change
0.025(8.20%) |
Mkt cap ! $2.244B | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.5¢ | 31.5¢ | $12.73M | 39.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 1931022 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 748069 | 3 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| RED (ASX) Chart |