Hi Scraig, I think that there are a number of posters on RED with similar views that the company is due for a significant re-rating, and the last summary by Alphman is spot on re future milestones:
BFS
title transfer
financing
commissioning
gold price retesting all time high (3rd time lucky?)
first pour
mapawa exploration results
It will be interesting to see how Mapawa pans out - will it be a signicant deposit in its own right possibly with standalone operation, or will Anglogold take up the jv it has previously negotiated. I am sure this subject will add heaps of value to RED in future.
If we see a new BFS its likely to confirm significantly enhanced project returns, i believe it will tip in excess of 30 cps to RED.
The big milestone will be the financing arrangement, but will it be accompanied by a placement or not - RED has about $23mil in cash now, will they need more? (Previous capex was excessive due to high steel costs etc).
the worm is turning, page-7
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Last
37.5¢ |
Change
0.005(1.35%) |
Mkt cap ! $2.550B | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.0¢ | 37.0¢ | $5.609M | 14.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 311637 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 1805403 | 9 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |