RED 1.22% 41.5¢ red 5 limited

Gold bulls on the march, page-4

  1. 2,343 Posts.
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    Note that Bligh Resources directors advise shareholders to accept SAR all script take over offer ..... 30km South of Thunderbox and JORC of 600,000oz .... to reinforce the Thunderbox operation .... today SAR hit another all time high at $3.65 for a market cap of $2.846Bn ... so Thunderbox is worth approximately $1.4Bn ? ..... which is what a fully developed KOTH producing 4m ton / year will be worth ? .... unless SAR makes an all scrip bid for the remaining 90% of RED it doesn't already own ?? ...." be careful what you wish for " I hear some say ....
    Saracen is doing the smart thing .... using its highly (over?)valued scrip as currency to increase resources and reserves .... like NST etc.
    The planets are aligning .... only a rogue meteorite (aka a black swan) can spoil the party.
 
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