RED 2.99% 34.5¢ red 5 limited

RED Chart, page-55

  1. 748 Posts.
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    Yes MIStragic, we have seemed to accumulated a group of day traders who are thrilled to get a few cents per share profit, and want to share the experience with everyone. Good on them. As for me, ATM, I have a five bagger in my portfolio. Good on me.
    Presently all focus is on KOTH, and rightfully so. The absence of drill results from the regional program is interesting. They've only included Rainbow in the open pit reserve. I'm sure there's a lot more to come.
    And Darlot. Seems to be lost in the shadow of KOTH. Looking long term, post KOTH development, can't see it languishing as a one million tonne per year plant, especially if they want to service stranded gold assets in the region, and the potential of Ockerbury Hill. Last year we put quite a bit of effort proving an open pit resource at Waikato. My suggestion is that, once the new KOTH processing plant is up and running and pumping out 150k oz plus pa, focus will shift back to Darlot. I would like to see the Darlot mill refurbished to 4 mil tpa and Waikato developed as an open pit to be a significant source of low grade ore to blend with high grade ore from Darlot UG operations. Another 150k oz plus pa from Darlot would put the proverbial icing on the cake. Getting close to tier one miner.
    And the latest drill results from the EIS hole targeting the Oval flattening have slipped by without raising an eyebrow. Could be honing in on the suggested Centenary "doppleganger". Another game changer?
    Pie in the sky? The chorus declaring a a $1 plus share price in the very near future is growing louder an louder. Funny, seem to remember suggesting this very thing several months ago. As with MIStragic i'm sitting tight. SP may bounce around with the POG but in the long term I'm looking for that elusive twenty bagger.
 
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