Loki, very good info and clarification/corrections. And thanks for the rainfall chart. As HappyCat would know, they do get a lot of rain there. Maybe living in dry Perth, mgt and board didn't know what 50-100mm/day would be like :-)
Stockpile. The Nov12 presentation still states 100kt of stockpile, but that was also the figure a year ago. I suspect it is below 100kt, but hopefully enough to keep production moving (even though low grade) if excavation remains a challenge. Not sure if they had the ability to stockpile due to silt, then equipment, and now power issues.
Sprott facility: Correct, I didn't quite mean the borrowed $8m was spent (it was drawn down-transferred to cash account), but assume cash is now less than $13M due to special purchases. Did the Chair mention at the meeting how much cash remains? As you point out, RED burns $6M per qtr, so although very tight, not running on empty yet. At least, lets hope capital expenditures are minimal. (Note that the new power generator is rent to own -- necessary when cash is limited).
Well, I added a bit more to my holdings at today's end of day price, even though I had added 25% more RED shares last week at $1.02. Always tough to buy against the crowd. Sometimes wise, sometimes a stupid move. Time will tell.
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Last
32.5¢ |
Change
-0.040(11.0%) |
Mkt cap ! $2.244B |
Open | High | Low | Value | Volume |
34.0¢ | 34.5¢ | 32.0¢ | $10.48M | 31.32M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
66 | 2005918 | 32.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.5¢ | 157427 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
65 | 2042484 | 0.320 |
28 | 1018217 | 0.315 |
24 | 1146987 | 0.310 |
15 | 711382 | 0.305 |
35 | 866369 | 0.300 |
Price($) | Vol. | No. |
---|---|---|
0.325 | 702379 | 44 |
0.330 | 1374318 | 32 |
0.335 | 694799 | 17 |
0.340 | 932049 | 22 |
0.345 | 520245 | 16 |
Last trade - 12.51pm 29/08/2024 (20 minute delay) ? |
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