Ann: Maiden JORC 2012 Resource and Reserve for Darlot Gold Mine, page-26

Hi Guys,

I have been watching RED for quite sometime.
I got out after the Gina Lopez saga. Been watching this Australian asset acquisition program from the sidelines. I have been early in lots of my other investment and endured a lot of pain. So I applied my market knowledge on this one, sat on the sidelines and watched the game. I think the time is ripe now.
Today I finally bought my RED package. I think this thing is highly undervalued. Lot of people might avoid RED as a Philippines operation. The Philippines operation is still weighing on the share price.
But my thinking is RED management will try to offload the Philippines operation to other third party(for some paltry sum) and focus on the Australian operation. Some royalty payment from GALAXY will help as well along the way.
Overall at this gold price I can't see RED share price staying at this level for too long.
People will find out and start bidding.
It already looks like I should have bought my full package but only bought half, the rest I may have to average up,(complete opposite of my strategy).