RED has had a huge rise in the last 2 years , has just had a poor quarter despite higher prices and also has 40 % hedged at a lower price so limits gain from the GOLD price anyway..the shareprice is reflecting that, mining is a tough game.
Has a great long term future IMO but needs some more runs on the board in terms of GOLD production , any benefits wirh KOTH is some time away and requires expenditure , a potential sale of our SIANA assets could give a nearer term boost, it would be can excellent time to divest IMO.
Cheers Whisky
Ann: Investor presentation, page-84
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Last
42.5¢ |
Change
0.005(1.19%) |
Mkt cap ! $2.891B | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 43.5¢ | 41.5¢ | $11.42M | 26.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 222136 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 1437793 | 11 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |