Talk of two tailing dams was corred.
The latest quarterly reffered to material being placed into the second decommissioned tailing dam so some of the area can be used as an area for to 250,000 tonne run of mine pad.
I can understand the logic of it the rom PAD is currenlty too small.
Sorry to find some black humour in this but this is an excellent example of how unlucky RED, and us, are. The monent they plan to fill in part of an old dam their main dam starts to give them some trouble.
Support RED because they are supporting that wall, and it could really hurt us poor shareholders.
Personally I'd like RED to have a second operational tailing dam, if they don't have one. Dam redundancy is usefull in the tropics.
Apart from an uncontrolled wall collapse, the worst case scenario to me is a takover by someone with the readys and cash to sort RED's problems out, I Hope.
Good luck all.
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