Just been doing some research on RED found this old by 9 days but i think it is important to remind us that this is a good stock and gold should and will retrace.
"Volatility in the share price may be encountered in the medium term with funding expected to be obtained through equity or debt markets, although likely a combination of both. However, the real risk is a decline in the gold price which would reduce Siana’s NPV. Nevertheless, as previously mentioned, gold may retrace some 20% and the project remains handsomely profitable. Trading on a current market cap of A$70m, the differential between the NPV of Siana and Red 5's market value is considerable, particularly if gold holds its current levels. We are recommending Red 5 to our clients as a ‘spec buy’."
RED Price at posting:
$1.35 Sentiment: Buy Disclosure: Not Held
