Australia's largest stock trading and investment forum Australia's #1 stock forum

RED

4.82%

39.5¢ red 5 limited

slip volume not very material it seems, page-90

First 90 Last

Share
Profile

Follow
Holdonman

1,327 Posts.

9

30/07/15

17:43

Post #: 15723305
Share

Originally posted by dr spok ↑

By the way - your tip offs by public officials and the like are more likely to to fall into the "inside information" camp.

The test is when someone knows something for a fact, particularly someone in a statutory position and this gets shared.

Your comments "i know more than I can say" implies inside information, particularly when it is both material and counter to current expectations or public targets. If this is the case you shouldn't be posting at all because the tone of what you say and hint at can actually pass on your inside information.

There have been plenty of cases where insiders got prosecuted for inside trading when the information wasn't explicitly shared to someone who then traded.

This is what I don't like about your posting - you obviously have someone telling you stuff which you believe is material and then you go and hint and post about it.

I have simply shared facts that assist in presenting the current picture, primarily because your posting has been giving a misrepresented one.

The punters that patted you on the back for the pit wall slip and your own "yes well but there is more to come comments" are a bit over the top because no one could had predicted an earthquake just as the loose material was being removed and probably at its most unstable point.

I had specifically done a lot of work on pit stability and this was always a risk - my assessment before the event was it was a low risk. Was I wrong because it happened? Not really, because calling an earthquake in that area and depth right at that time was a very low probability event.

As I keep saying, in business and mining particularly unpredictable things happen. The key is knowing the risks and monitoring them - just like Red management did in terms of the wall stability. So the risk was there and they were watching it carefully and this led to no injuries or loss of equipment.

For me that is good management of those factors in their control. Others want to judge by both controllable and uncontrollable factors, this is not reasonable for me. Good luck or bad luck isnt a reason for a back pat or slap on the behind.

Expand

First you were a broker next you appear to be a mining engineer or geotechnical engineer....very confusing...
broker engineer?

"My assesment before the event" so you work on site?

"I had specifically done a lot of work on pit stability and this was always a risk - my assessment before the event was it was a low risk. Was I wrong because it happened? Not really, because calling an earthquake in that area and depth right at that time was a very low probability event."

RED Price at posting: 4.7¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

There are more pages in this discussion • 21 more messages in this thread...

First 90 Last

Add RED (ASX) to my watchlist

(20min delay)
Last 39.5¢		Change -0.020(4.82%)		Mkt cap ! $2.686B

Open	High	Low	Value	Volume
40.5¢	41.0¢	39.0¢	$9.181M	23.04M

Buyers (Bids)

No.	Vol.	Price($)
34	1243803	39.0¢

Sellers (Offers)

Price($)	Vol.	No.
40.0¢	139143	5

View Market Depth

No.	Vol.	Price($)
33	1242044	0.390
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

Last trade - 16.10pm 25/07/2024 (20 minute delay)

RED (ASX) Chart

slip volume not very material it seems, page-90

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Geochemical work at Newington picks up gold and copper anomalies for Midas

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

slip volume not very material it seems, page-90

Top Stories

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Geochemical work at Newington picks up gold and copper anomalies for Midas

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News