RED's future turns on the upcoming final feasibility study for the expansion of the King of the Hills mine.
I'm expecting that it will incorporate a A$2200+ gold price which may have a shooting the lights out effect .
it will go something like ' geez we're good check out that FFS: NPV of $500million and IRR of 35%'
Will the financially challenged management secure the requisite loan funds of $100m to commit to a final investment decision ?
Maybe. Maybe not.
On the evidence of the dopey bulk forward sales at $2095 I'm anticipating some reservations amongst the would-be financiers.
A takeover is looming as the likely outcome.
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- Ann: Operations, production and guidance update
Ann: Operations, production and guidance update, page-121
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Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.516B |
Open | High | Low | Value | Volume |
37.0¢ | 37.5¢ | 35.0¢ | $17.69M | 48.94M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 1705565 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 224749 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 486474 | 0.365 |
11 | 915135 | 0.360 |
13 | 1029633 | 0.355 |
53 | 2672092 | 0.350 |
20 | 1015013 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 224749 | 3 |
0.375 | 2401568 | 21 |
0.380 | 1150151 | 12 |
0.385 | 1040382 | 7 |
0.390 | 443199 | 10 |
Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
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