RED 1.39% 36.5¢ red 5 limited

sp , page-21

  1. 561 Posts.
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    Hi Mardo
    I respect your views but have to admit my knowledge of the technical aspects of gold mining are Nil.
    I tend to use my previous skills as an accountant and credit analyst to take a more holistic approach.
    1 ) Charts are difficult with small volumes but $1.10 is an obvious support. Watch closely at $ 1.30 ( see todays movement on very small volumes )
    2 ) Coming into traditionally soft time for equities
    3 ) Gold price could go through the roof with QE3 but this is unlikely to happen in my opinion so gold price could come off.
    4 )Poor communication from management with history of missing targets.
    5 ) Potential profit margins are good but see 4 above
    6 ) Political risk ?
    If these people came to me for money the answer would be to value the company at $1.10 less less risk margin with funding dependent 09/2012 results being in line with projections.
    There lies my rationale. Revisit at end of Sept. If I miss out there are other businesses out there.
 
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Last
36.5¢
Change
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Mkt cap ! $2.482B
Open High Low Value Volume
36.0¢ 37.5¢ 36.0¢ $8.768M 23.83M

Buyers (Bids)

No. Vol. Price($)
12 1439618 36.0¢
 

Sellers (Offers)

Price($) Vol. No.
37.0¢ 357787 9
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Last trade - 16.10pm 28/08/2024 (20 minute delay) ?
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