I only have a very small investment in RED, as I have been waiting until RED can prove they are able to operate a mine profitably, before I invest more. Without a capital raising of some type RED would most likely go into liquidation and then there would be a ‘fire sale’ and shareholders would get nothing. If RED did a capital raising at 35c, to ‘institutional and sophisticated investors’ only, most current shareholders would be complaining. I think the ‘rights issue’ is a fair way to raise capital and I will be taking up my entitlements and I will probably be applying for more. If the capital raising is a success it looks like it will be at least another 12 months before we find out if RED can operate profitably.
RED is a very risky investment but so are most of the 'small cap' miners and explorers.
Good luck, we will need more than our fair share.
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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15 | 644451 | 0.385 |
29 | 1163879 | 0.380 |
5 | 300070 | 0.375 |
26 | 801786 | 0.370 |
Price($) | Vol. | No. |
---|---|---|
0.400 | 139143 | 5 |
0.405 | 607644 | 6 |
0.410 | 622427 | 9 |
0.415 | 292677 | 10 |
0.420 | 496877 | 18 |
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