Ann: Quarterly activities report, page-9

Read both reports. Busy little company.
The $11mil extra costs they delayed paying last quarter to bring into this quarter aligns with the $11 mil proceeds from Mt Catlin. Thing is they still spent $51mil last quarter after forecasting $40mil. Creative accounting. If it happens another quarter there won’t be any proceeds to “balance “ the books. They are in ramp up stage so understandable but December quarter would want to be cruise mode for the company.
Forecast for $1.5mil this quarter compared to $1.2mil forecast last quarter on Siana. Until I see actually what was spent on Siana, hard to judge but not great costs are going up. Siana adds approx $80 to AISC cost.
I believe there is a lot of upside when they release the resources estimate. Reading MW comments he is keeping his powder dry till August.
Not sure the play on Bullseye, obviously not a lot of information released but RED must know something.
Share price is going to go up soon but there isn’t a lot of shares traded and RED is now owned by some big shareholders and they aren’t selling. In the same way it went down yesterday on low trade volumes, good news would see it bounce up in the same fashion.