RED 0.00% 34.5¢ red 5 limited

Ann: Updated resource estimate for Oval deposit, page-14

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  1. 950 Posts.
    lightbulb Created with Sketch. 402
    Finally some market participant's are taking notice of this quiet achiever.

    Still the stock remains unappreciated by the overall gold miners market.

    The biggest problem here is the past history........which the some people have somehow digested and are now focused on the future.
    Future looks fine as far as the picture management has portrayed.

    I am long RED5 from 6c, 7c and 7.4c.
    So far happy to hold.

    10c is not too far out of reach.

    Plenty of low bid buyers and not many sellers.
    Buyers don't want to bid up aggressively but not many sellers are willing to sell at these levels......so the bias is up.

    Those idiots at Bulls Eye had a great opportunity to merge with RED5, but they think there assets are worth 40-50 million dollar. If that was true then RED5 assets are worth few hundred million dollars.
    What they fail to realise is as RED5 value appreciates their holding would also have appreciated.....rather than they will be holding it forever with no productive results.
 
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Currently unlisted public company.

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