Quiet Achievers, page-5

Looks like the conversation around Red has dried up. So to has the investor interest. Red management has played their two aces for this Q, the approval for TSF 6 at Siana, and the resoruse/reserve upgrade at Darlot/KOTH. Neither impressed the investor population one little bit. I was impressed but I'm a little biased towards the rosy future for Red 5.
The Price of Gold decline has dampened investor appetite for gold stocks. Still Red plans to pump out an average of 110,000 oz at a median AISC of A$1,450 this FY. Gives around A$22 mil positive cash flow. Should be impressive. But alas not impressive enough to get a SP rise.
And Siana. What are we going to do with Siana? The confidence in this asset was once enough to give us a 15 cent SP. I can see a gradual build up of activity over the next 12 month getting the project ready for revival next FY. Of course, as per the tone of the ASX announcement, this is fully dependent on the progress Duterte and Cimatu make towards rational mining policy.