“We now have an excellent platform to embark on this next chapter of Red 5’s growth. The successful ramp-up of production at KOTH will put us on an exciting growth trajectory over the coming quarters, and we look forward to keeping the market informed about our progress during FY23.”
The final paragraph from MD's summary sums up RED's current position and outlook.
12 months ago, KOTH construction was in its early stages, plagued by market doubts and competition for investment of surging competitors.
Now the wheel has turned - the newly completed KOTH plant and associated infrastructure is a triumph and an extremely valuable regional producer and processor, and will become a de facto mid tier in the same league as SLR and RMS.
For those traders hoping for 20c ... "tell 'em they're dreaming" - I expect 25c to be confirmed as very strong support and 30c resistance to be over come within months - Digger and Dealers will also be a SP launch platform IMHO.![]()
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40.5¢ |
Change
-0.010(2.41%) |
Mkt cap ! $2.755B |
Open | High | Low | Value | Volume |
40.0¢ | 41.3¢ | 39.5¢ | $5.806M | 14.34M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 732397 | 40.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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41.0¢ | 927828 | 9 |
View Market Depth
No. | Vol. | Price($) |
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2 | 487804 | 0.405 |
26 | 943808 | 0.400 |
15 | 645837 | 0.395 |
26 | 767672 | 0.390 |
11 | 265581 | 0.385 |
Price($) | Vol. | No. |
---|---|---|
0.410 | 210612 | 5 |
0.415 | 559168 | 7 |
0.420 | 235511 | 5 |
0.425 | 1072964 | 16 |
0.430 | 1476173 | 23 |
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