The decision of the South Cotabato court against "open pit mining" has important caveats: it doesn't apply to other provinces, and doesn't affect existing gold mines that are fully permitted and in compliance with all Filipino mining and environmental laws .... as exists with RED5's Siana mine. Moreover, RED5 has an approval to construct a new tailings dam. So, once finance can be arranged (and this process involves extensive due diligence), then Siana can be recommenced. How long this process will take GOK ... once again, trust the management. They are well respected in the Phillipines, for their competence, integrity and deep attachment to Siana's local community. Responsible mining is still valued in the Phillipines, especially in these extraordinary times of hardship& financial stress. The current malaise in RED's SP is similar to other gold miners as the vaccine euphoria is rampant.
While a vaccine may be available to the select few in the NY, mass vaccination is 12-18 months away. Listen to Peter Attia's latest podcast on the matter. Also listen to Grant Williams podcast "The End Game" and his interview with Russell Napier, a famous economic forecaster who has switched from being a deflationist to an inflationist, and has become an advocate of gold as a hedge against currency debasement etc .... this is a fantastic listen.
Meanwhile, RED remains compelling value, especially for those who are under exposed to gold miners.... the rest of us should sit pat, and wait for the game changer announcements.
- Forums
- ASX - By Stock
- RED
- Ann: Red 5 investor webinar
Ann: Red 5 investor webinar, page-36
Featured News
Add RED (ASX) to my watchlist
|
|||||
Last
30.5¢ |
Change
-0.010(3.17%) |
Mkt cap ! $2.074B |
Open | High | Low | Value | Volume |
30.5¢ | 31.8¢ | 30.0¢ | $14.01M | 45.47M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
57 | 1709024 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.5¢ | 333334 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 8088 | 0.335 |
2 | 7766 | 0.330 |
1 | 40992 | 0.325 |
1 | 4676 | 0.320 |
8 | 76139 | 0.315 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 162 | 1 |
0.295 | 13203 | 1 |
0.300 | 24201 | 6 |
0.305 | 206223 | 4 |
0.310 | 555927 | 9 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
Featured News
RED (ASX) Chart |