Red 5 raised more money on a plan to restart, silence to me means the plans are not going forward.
Possibly a big problem is to find a location for a large tailings dam, as GE said at the last GM, the mine is located in an area of deep alluvial. No bore holes were done before the plan was sold to raise more capital to ill informed new investors.
Time will tell if RED5 can deliver as per their announcements, this has not happened to date, however in this business time is money!
Ann: Postponement of annual general meeting , page-19
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Last
37.0¢ |
Change
-0.015(3.90%) |
Mkt cap ! $2.516B | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.3¢ | 36.8¢ | $14.90M | 39.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 387085 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 1040379 | 11 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |